And here they burn him completely in front of the slant-eyed

CHINA WILL INEVITABLY CREATE A STATE RESERVE IN BITCOINS

Changpeng Zhao noted that Trump has not yet taken office as president, so the task of forming a reserve in bitcoins has yet to be completed. As soon as this happens, other countries will start doing the same.

Small countries will be the first to create a state reserve in bitcoins, and this will happen gradually. Later, large countries, including China, will follow suit. Zhao noted that China's position on cryptocurrencies is more difficult to predict, given the lack of transparency on the part of the government. Currently, cryptocurrency trading and mining are prohibited in the country.

However, Zhao believes that China will inevitably have to create a state reserve in bitcoins, since this is the only “hard asset”. Moreover, this can happen without prior notice - China will announce the existence of such a reserve after the fact.

“I would be shocked if the Chinese government first announced something and only then started doing it. "I wouldn't be surprised if China first accumulates bitcoins and then announces them. The authorities can act very quickly if they want to," Zhao said.

$BTC