🔥Will China start buying Bitcoin in large quantities? Zhao Changpeng's remarks sparked heated discussions around the world
Recently, a statement by Binance CEO Zhao Changpeng caused a stir in the international financial circle. He pointed out that China's cryptocurrency trading volume has accounted for more than 30% of the world's total, and put forward a thought-provoking point: If the United States tries to prevent China from further accumulating gold reserves, China may choose to include Bitcoin in its reserve assets.
China's potential connection with Bitcoin
Zhao Changpeng speculated that China may have begun hoarding Bitcoin in a low-key manner and waiting for an appropriate time to announce it to the public. If this speculation comes true, the global financial landscape may usher in huge changes, especially the position of the US dollar in international trade may be impacted.
The rise of central bank digital currency
Zhao Changpeng also mentioned that 109 countries around the world have joined the Central Bank Digital Currency (CBDC) Alliance, and China is one of the core forces. If China takes a more active attitude in the field of digital currency, it will undoubtedly further promote the reshaping of the global economic landscape.
The new concept of "Bitcoin G7"
It is worth noting that Zhao Changpeng put forward a bold idea: as more and more countries flock to the digital currency track, the current global financial order dominated by the G7 may be broken, and a new "Bitcoin G7" with Bitcoin as the core may replace it. This idea is reminiscent of the "Libra" plan proposed by Mark Zuckerberg in 2018. Although the latter was eventually stranded due to policy resistance, Zhao Changpeng's proposal has once again triggered new heated discussions.
Possible challenges and opportunities in the future
Although the concept of "Bitcoin G7" faces many challenges, especially in the context of the increasing control of cryptocurrencies by central banks and regulators around the world, as more and more countries explore the possibility of digital currencies, this idea may not be out of reach.
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