Zhao Changpeng made a bold statement, saying that China might buy Bitcoin soon. As soon as this was said, the whole world went into an uproar!
Zhao Changpeng, the boss of Binance, has recently become quite popular. He said that China is now very adept at playing with cryptocurrency, accounting for over 30% of the global trading volume. Even more shocking is that he speculated that if the U.S. does not allow China to hold gold, China might just stockpile Bitcoin. Once this was said, everyone began to ponder that if China really does this, it could turn the global economy upside down, and the U.S. dollar's dominant position in international trade would also be shaken.
Speaking of the global central bank digital currency alliance, 109 countries have already joined, with China being one of them. Zhao Changpeng believes that if China further develops its digital currency and Bitcoin, the global economic landscape could be redrawn.
He even coined a new term, "Bitcoin G7." This means that the global financial system led by the G7 countries might collapse, replaced by a "Bitcoin G7" where Bitcoin takes the lead. This idea is somewhat similar to Mark Zuckerberg's "Libra" from back in the day, which was stopped by the Trump administration. Now, Zhao Changpeng has brought it up again, making everyone start to think.
Can this "Bitcoin G7" become a reality? To be honest, the challenges are significant. Central banks and regulatory agencies in various countries are keeping a close eye on cryptocurrencies. However, that being said, with so many countries now experimenting with digital currencies, there might actually be a chance.
By the way, there's a little gossip: Marvin on the Ethereum chain is currently being hyped up as a new concept from Musk and might become a dark horse among meme coins!
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