China plans to dump part of its US Treasury holdings and move into Bitcoin and gold, according to BlackRock.
China held $784.3 billion in Treasuries, $229.6 billion in gold, and 194,000 BTC worth $18 billion as of early 2025.
This might be China's response to Trump's tariff war yes but honestly I think this is a good move from China anyway. Right now US dollar is still quite strong but until when? Seems like some countries are already turning their backs on USA and soon the dollar. Bitcoin is the more profitable investment anyway. Now FED will surely just counterattack whatever results to this move from China.
But here's the interesting part of the news:
It means an increase in institutional holdings in bitcoin, therefore increase in bitcoin growth.
This is not news but more of like speculation. Bitcoin still has not risen that much. It sits at $95k at time of writing. It could happen later on but for now it is not yet happening.