Is China about to start buying Bitcoin? Recently, a few statements from Binance CEO Zhao Changpeng have caused a stir in the global financial community.

He first mentioned that China’s cryptocurrency trading volume accounts for over 30% of the global total. He then added that if the United States can prevent China from holding gold reserves, then China will inevitably establish its own Bitcoin reserves.

It is worth noting that currently, 109 countries around the world have joined the Central Bank Digital Currency Alliance, with China being the leading player in this alliance. What would it mean if China really starts to buy Bitcoin in large quantities?

Hold on, Zhao Changpeng hasn't finished yet. He said that China is likely to secretly hoard a large amount of Bitcoin and only announce it suddenly when the time is right.

However, some experts believe that if China really wants to bypass dollar hegemony this way, it will be very difficult. After all, the US has already set its sights on their accounts, and central banks around the world are well aware of this approach.

In addition, Zhao Changpeng also dropped a bombshell. As more and more countries join, a world financial system led by G7 countries will eventually collapse, and it will be replaced by “Bitcoin G7.”

What is “Bitcoin G7”? Simply put, it is a coalition of developed countries led by the United States, using Bitcoin to replace the dollar as the world reserve currency to maintain international financial order. Does that sound familiar?

That's right, this is actually the idea proposed by Zuckerberg in 2018 regarding Libra. It was heavily criticized by Trump at the time and eventually fell through. And now, the term “Bitcoin G7” has been brought up again.

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