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

He first said that China's cryptocurrency trading volume accounts for more than 30% of the global total. Then he said that if the United States can prevent China from having gold reserves, then China will definitely build its own Bitcoin reserves, which is inevitable.

You know, there are currently 109 countries in the world that have joined the Central Bank Digital Currency Alliance, and China is the number one player in this alliance. Once China really starts buying a lot of Bitcoin, what will it mean?

Don't worry, Zhao Changpeng hasn't finished speaking yet. He said that China is likely to secretly hoard a large amount of Bitcoin first, and then suddenly announce the news when the time is right.

However, some experts believe that if China really wants to circumvent the hegemony of the US dollar in this way, it will be very difficult. After all, the United States has already targeted their accounts, and central banks of various countries are well aware of this practice.

In addition, Zhao Changpeng also said a bombshell. As more and more countries join, a world financial system dominated by G7 countries will eventually collapse, and it will be replaced by "Bitcoin G7".

What is "Bitcoin G7"? Simply put, developed countries led by the United States unite to use Bitcoin to replace the US dollar as the world's reserve currency to maintain the international financial order. Does it sound familiar?

Yes, this is actually the idea of ​​​​Libra proposed by Zuckerberg in 2018. It was just that Trump criticized it fiercely at the time and it eventually came to nothing. And now, the term "Bitcoin G7" has been raised again.

So the question is, do you think this idea is possible?