Is China about to start buying Bitcoin? Recently, a few words from Binance CEO Zhao Changpeng have caused a stir in the global financial community.

He first stated that China's cryptocurrency trading volume accounts for more than 30% of the global total. He then indicated that if the United States could prevent China from holding gold reserves, China would definitely establish its own Bitcoin reserves, which is inevitable.

It is worth noting that currently, 109 countries around the world have joined the Central Bank Digital Currency Alliance, and China is the number one player in this alliance. What would it mean if China really starts to buy Bitcoin in large quantities?

Don't rush; Zhao Changpeng hasn't finished his statement yet. He mentioned that China is likely to secretly accumulate a large amount of Bitcoin first and only announce this news when the time is right.

However, some experts believe that if China truly wants to bypass the dollar hegemony in this way, it would be very difficult. After all, the United States has already set its sights on their accounts, and central banks around the world are well aware of this approach.

In addition, Zhao Changpeng also dropped a bombshell. As more and more countries join, a world financial system led by G7 countries will eventually collapse, to be replaced by “Bitcoin G7.”

What is “Bitcoin G7”? Simply put, it is a coalition of developed countries led by the United States, using Bitcoin to replace the dollar as the world reserve currency, in order to maintain the international financial order. Does that sound familiar?

That's right; this is actually the idea that Zuckerberg proposed for Libra back in 2018. It was harshly criticized by Trump at the time and ultimately fizzled out. And now, the term “Bitcoin G7” has been brought up again.

So, the question arises: do you think this idea is likely to be realized? If you want to join the conversation, please like and comment!