Aren’t these countries already considered the closest rivals in terms of economy? Under Trump’s presidency, his policies on Bitcoin were generally positive, while China has maintained its stance on banning it. So what do you think? will the US’s adoption of Bitcoin help boost its economy and give it an edge over China, or could it have the opposite effect?
~snip~
Do you even understand what you are talking about when it comes to the facts about the total value of all the BTC in circulation and all the money that is generated around the BTC business in relation to the GDP of the US and China?
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. If you understand basic math, then you should understand that no country will profit significantly even if they gain absolute dominance over BTC.
We can say all kinds of things about the Chinese, but we certainly can't say that they are stupid and don't know how to recognize a good opportunity - that's why those who live in the delusion that the Chinese made a mistake when they banned BTC mining and trading have no idea what they're talking about.
Communism and decentralization have never and never will be able to work together, and many people seem to forget that when they talk about BTC and China.
I agree with all you've said, despite the ban on Bitcoin, china still controls a good percentage of the Bitcoin hashrate, i think it's about 55% or thereabout if im not mistaken, i think they still got one of the largest Bitcoin mines and i won't be suprised if they've been secretly hoarding more than enough Bitcoin before Trump even brought about the idea of owing a Bitcoin reserve, i wonder why people would think that a big economy like China won't seize and opportunity when they see one, Bitcoin as an asset class is a hedge against inflation and a big opportunity for different countries to boost their economy against the future so who wouldn't jump on it, they might have not uplift then placed ban on Bitcoin mining but that's a big diguise and owning the biggest Bitcoin hashrate is a prove to that.