If China suddenly profits 100 billion dollars, can the Bitcoin game continue?
Trump is elected, and Bitcoin is also on fire!
Bitcoin companies donated 7.5 million to Trump’s political action committee in exchange for Trump changing his stance on Bitcoin, stating: he will use Bitcoin as a strategic reserve, reserving 1 million coins.
With just one sentence from Trump, the price of Bitcoin surged, reaching a high of 100,000 dollars per coin!
There are predictions that if the U.S. really starts to reserve Bitcoin, leading other countries to follow suit, Bitcoin could rise to 700,000 per coin, or even higher!
In this case, things could get interesting.
Currently, the U.S. government holds about 210,000 Bitcoins. It needs to purchase 800,000 from the market.
After banning Bitcoin trading in 2020, China has seized 190,000 Bitcoins from illegal activities such as mining, underground trading, and pyramid schemes.
If the price of Bitcoin exceeds 500,000 dollars, and China sells off the 190,000 coins, it will receive at least 100 billion dollars!
What does everyone think: if we take away 100 billion dollars out of thin air, can this Bitcoin game still continue?
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Trump and Vitalik's wallets both hold it! #BTC上攻11万? $BTC