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?
This is an interesting topic IMO, especially since Bitcoin is becoming increasingly influential. Some nations are even considering it as a strategic reserve. So, this type of discussion is very engaging for Bitcoin enthusiasts, as it combines politics, economics, and the growing role of cryptocurrencies on the global market.
As we all know Bitcoin and US hold the biggest percentage when it comes to Bitcoin, and surely it helps a lot when it comes to economy, growth etc. I mean its clear that the two countries is having some sort of competition event throughout the years the two country have a lot of things that they didnt agreed to. Its easy to see that this country already see a lot of potential to cryptocurrency and Bitcoin, and its evident already thats why they are holding a lot of it.
The fact that the US is already planning to do some kind of bill about having a Bitcoin reserved is already a indication that they are planning to stack Bitcoin, even though they are some how already a Bitcoin reserved when we think about it. A lot of operations as well are on China so i dont really think that they are against it, since they are holding a huge amount of it, in my opinion this are just one of their strategies in order to stack more Bitcoin, scaring the market to drop the market price and buying Bitcoin on a discount, just like in the past year of banning Bitcoin, they still have a lot of it.