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"China to Strategically Reserve Bitcoin (BTC) by 2025"

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JH Kim
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  • Anthony Scaramucci mentioned the possibility of China stockpiling Bitcoin as a national reserve asset.
  • He reported that as the United States shows a progressive stance on Bitcoin, other countries are likely to follow suit.
  • Changpeng Zhao also stated that China could pursue economic benefits through strategic Bitcoin reserve assetization.
STAT AI Notice
  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

According to CryptoSlate, a cryptocurrency-focused media outlet, on the 10th (local time), Anthony Scaramucci, founder of the American hedge fund SkyBridge Capital, stated at the Bitcoin (BTC) MENA 2024 conference held in Abu Dhabi that "China might resume Bitcoin mining and stockpile Bitcoin as a reserve asset for the country." He further predicted, "As the United States has expressed a progressive stance on Bitcoin, it will become difficult for other countries to ignore this." Previously, Changpeng Zhao, former CEO of Binance, also attended the MENA conference and stated that "China will be one of the countries to adopt Bitcoin as a strategic reserve asset."

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