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.
If China wanted to adopt it, they would have done it already long ago, but they have adopted a different approach, as they have another nation named as Hong Kong, and which is basically the hub for crypto, which means they have invested in crypto and adopted it fully. Although this nation is different from China, but still has its part. So if China also accepts, which I think they might not consider anytime soon, then it will be good for the market as well.
Speaking of the national reserve, I don't think China will ever do that It's too rare but its crypto market and anything can happen here. If china adopts it as national reserve I guess BTC will do any easy 2x. NFA