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.
The US and China don't usually agree on the same thing. What the US can easily accept, the Chinese can reject wholeheartedly even if it is worth a lot. They will rather prefer to have their own that is similar to that than accept what others are accepting.
China has not been in support of Bitcoin right from the onset. They prefer using their central bank digital currency(CBDC) and digital yuan to Bitcoin they thought it to be used in carrying out illicit activities.
For the US to think of having Bitcoin as their national reserve to boost their economy, the Chinese will think of coming up with something else, not Bitcoin