Post
Topic
Board Bitcoin Discussion
Re: China vs US with different stance on bitcoin
by
Sanitough
on 13/01/2025, 14:34:45 UTC
China's GDP in 2024 was around $18.30 trillion, while US GDP was just over $29 trillion, while at the same time BTC market cap is around $1.88 trillion.
You’re just looking at the current status, think about the future. Once the US passes a Bitcoin-friendly law, the market cap could easily explode. Imagine if even countries that aren’t allies of the US start considering Bitcoin as a strategic reserve. The demand would be massive.

And China? They’ll be left behind on Bitcoin. I think eventually, if the US makes Bitcoin a reserve, China might rethink their stance. Their reason for banning Bitcoin was likely due to the high rate of scams or the speculative nature of the asset. But when Bitcoin becomes globally adopted, with more regulations ensuring its reliability as both a currency and an investment, the game changes.

That’s the possibility I see, if the US moves forward with adoption and China sticks to its current position, they might regret missing out.