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.
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.
According to this source,
https://treasuries.bitbo.io/countries/
So they are still very close, USA first, and China second, so there's not much of a difference although if US or Trump will go with their plan to have Bitcoin as reserve then it will be a complete race.
One thing that China go against Bitcoin is that it is being used by their people to get out their money out of their country, in short capital flight. So they don't like it that way because they want all their money to circulate in their country obviously to move the economy. However, it's going to be very difficult for them, so I think at some point they will still continue to have more Bitcoins than the US.