Among the various predictions of the crypto world for 2025, there are those who claim that China could end its ban on Bitcoin that began in 2021. In fact, while on one hand the Asian country is secretly accumulating BTC, on the other hand, other factors suggest that China might finally come out into the open.
China and the Alleged End of the Bitcoin Ban in 2025: Key Factors in the World
The hypothesis that China could end its ban on Bitcoin in 2025 might become a reality.
Testifying to this, there are several key factors that could push the Asian country to review its 2021 strategy, when it had implemented the ban on trading and mining of BTC.
From that moment, in fact, several events in favor of Bitcoin in the world have happened, especially in this last year that is almost coming to an end.
Only in 2024, in the USA, the first Bitcoin spot ETFs were approved, the new President of the United States was elected, the crypto-friendly candidate, Donald Trump, and even the Fed Chairman, Jerome Powell, described Bitcoin as “digital gold.”
Other countries have also started to include Bitcoin in their government strategies, with many proposing the purchase of BTC as a reserve for the Nation.
Among the latest, there is the city of Vancouver, in Canada, but also the proposal in Brazil and in Poland. Other states in the USA have also made their proposals to have Bitcoin as a strategic reserve for the country. Among others, there is Texas and Pennsylvania.
In fact, the US senator Cynthia Lummis wants to provide for the creation of a strategic reserve of Bitcoin for the United States.
And finally, even the President of Russia, Vladimir Putin, spoke well of Bitcoin even without announcing any new strategy.
China and the end of the ban on Bitcoin? The secret actions of the Asian country
Besides the momentum at a global level, there is also the behavior of China itself that suggests it might soon come out into the open, lifting the ban on Bitcoin.
Recently, the former CEO of Binance, Changpeng CZ Zhao, described something about it during the Bitcoin MENA conference in Abu Dhabi.
CZ stated that in his opinion, smaller countries will be the first to adopt Bitcoin (BTC) in China, as already happened in El Salvador. This would be the beginning of an evolution for China and Bitcoin that will happen slowly. In this sense, according to CZ, China will become one of the countries to adopt a strategic reserve in Bitcoin, following in the footsteps of Trump in the USA.
In addition to this prediction, CZ, however, also pointed out how China’s position is different compared to other countries. It is precisely about communication and transparency from the government, which we should remember does not have elections.
In fact, for CZ, the Asian country moves secretly and, compared to Trump with his announcements of plans for Bitcoin, China prefers to move quietly and make official what it is doing only after having done it.
In addition to what CZ said, there are then the numbers and facts from China on Bitcoin, which somewhat contradict its previous choice to impose the ban.
Last September, there was talk of the Chinese paradox, which is being the country that dominates Bitcoin mining despite the ban. In fact, it seems that in that month, China was managing 55% of the network, while the USA only 40%.
Another significant internal factor is the decision to approve the launch of spot Bitcoin ETFs on the Hong Kong stock exchange. Here too, while the financial instrument on crypto has been approved, it has not been made available to mainland China investors, thus limiting access.
Bitcoin Price Above $100,000 and New ATH
The last, but not least, is the key factor that concerns the asset itself, namely the price of Bitcoin which seems to be performing like never before.
In fact, right after Trump’s election victory, Bitcoin (BTC) surpassed itself, reaching over the threshold of $100,000, up to its latest ATH of $108,200.
Also in terms of market capitalization, BTC has surpassed the threshold of 2,000 billion dollars.
At the time of writing, BTC is worth $104,151 and its market cap is 2,060 billion dollars.
