Binance's former CEO Zhao Changpeng recently made some striking remarks in the financial sector, particularly mentioning China's influence in global cryptocurrency trading and Bitcoin's strategic positioning in China. He pointed out that China now accounts for over 30% of global cryptocurrency trading volume, indicating that China is playing an increasingly important role in this emerging field.

Zhao Changpeng further speculated that if the United States tries to prevent China from increasing its gold reserves, China might turn to establishing its own Bitcoin reserves. If such a move comes true, it would have a huge impact on financial markets, as China has already taken the lead in central bank digital currency (CBDC) development. Large-scale purchases of Bitcoin would signify China's attempt to alter the existing international financial order.

However, this idea is not viewed positively by everyone. Some experts believe that although China may indeed be accumulating Bitcoin, it is not easy to bypass the dollar-dominated international system in this way. The United States and other countries remain vigilant about related activities, and central banks around the world are also aware of the potential risks and challenges.

Additionally, Zhao Changpeng proposed the concept of "Bitcoin G7," suggesting that as more countries adopt digital currencies, the traditional global economic governance structure composed of the seven major industrial countries may be replaced by a new system based on Bitcoin. This statement not only sparked discussions about future financial reforms but also increased market attention towards cryptocurrencies like Bitcoin.

Let's wait and see $BTC