Yeah, they also buy a ton too. It would be scary to know how much of the btc holdings are with China.
Whats wrong with China having bitcoins. The biggest problem is not China having bitcoin but our wallet who doesnt have bitcoin. I dont care who owns the biggest industry in Bitcoin. What country holds the largest deposit is not that important since we are not billionaires, it only matter to billionaires who owns thousand s of bitcoins and in competition.