Against the backdrop of the booming global cryptocurrency market, Binance founder Changpeng Zhao (CZ) made a striking point at the Bitcoin MENA conference held in Abu Dhabi on December 9, 2024: He believes that China may become one of the countries to establish Bitcoin reserves. This view has sparked widespread discussion, especially in the context of the United States' upcoming implementation of a Bitcoin strategic reserve plan.
Zhao Changpeng said that Bitcoin is called "digital gold" and its scarcity and decentralization make it increasingly popular among investors. Compared with traditional legal currencies and financial instruments, it has a stronger ability to preserve value. In his view, Bitcoin's reserve strategy is not only a means to fight inflation, but also an important way to enhance national financial security.
Zhao Changpeng pointed out that despite China's vague and uncertain stance on cryptocurrencies, the trend of building up Bitcoin reserves is "inevitable". When the United States really starts to build up Bitcoin reserves, it is likely to trigger other countries to follow suit. China will have to do the same at some point because Bitcoin is the only "hard asset". However, before that, smaller countries will take the lead in adopting Bitcoin reserves to fight inflation and external economic shocks.
Although there is no concrete evidence that China is hoarding Bitcoin, Zhao Changpeng, who grew up in China, believes that once China decides to take action, it can quickly implement policies. CZ believes that China may follow the Bitcoin reserve plan proposed by the Trump administration in the United States, but it is likely to choose to secretly hoard Bitcoin on a large scale first, and then officially announce its strategic plan to the outside world at the appropriate time. This "quiet" strategy allows China to quickly enter the Bitcoin market without other countries realizing it.
Zhao Changpeng's views have triggered people's thinking about the future world economy: If Bitcoin really becomes a global reserve asset, how will the traditional financial system respond to this change? How will central banks adjust their monetary policies to adapt to this emerging asset? These answers are unknown, but it is safe to predict that the future financial system may revolve around Bitcoin, forming a new international monetary system, and countries around the world may engage in fierce competition in this field.
Meanwhile, it is worth mentioning that David Bailey, CEO of BTC Inc. and an advisor to President-elect Trump's campaign, recently revealed that four undisclosed countries have agreed to establish a strategic Bitcoin reserve plan. Although these countries have not yet disclosed their specific reserve quantities and implementation time, this shows that more and more countries are beginning to realize the value of Bitcoin as a "hard asset." In the current environment of increasing global economic uncertainty, competition between countries may prompt more countries to consider including Bitcoin in their foreign exchange reserves.
In addition, Bailey hinted at the formation of a Bitcoin holding country organization similar to the current traditional international organization Group of Seven (G7) - "Bitcoin G7". Bitcoin G7 is evolving very quickly from a joke to a viable concept, and the organization may include countries that control the most Bitcoin, such as the United States and China, the two largest holders in the world. Countries can communicate and cooperate on this platform to jointly promote the application and development of Bitcoin.
As more and more countries begin to take Bitcoin and other digital assets seriously, the global financial landscape is quietly changing. Bitcoin is not just an investment tool, it is being seen as a new form of currency that may play an important role in future international trade.
The future global reserve currency may no longer rely solely on the US dollar or gold, but may turn to decentralized digital assets such as Bitcoin. This shift will change the basic structure of the global monetary system, making international trade and payment systems more open, transparent and efficient. Bitcoin's position as a global reserve asset is gradually becoming more solid, and it also heralds the arrival of a new era of decentralized global economy.
In general, the actions of multiple countries to promote Bitcoin reserve plans are not only a recognition of the cryptocurrency market, but also a profound prediction of the future development of the global financial system. With the continuous development of the digital economy, the Bitcoin reserve strategy may have a profound impact on the global economy. Policymakers and investors in various countries need to pay close attention to this trend, seize opportunities, and effectively respond to the challenges that come with it. #市场调整后的方向
