Trump Asserts China’s Stealth Crypto Influence
- Trump asserts China’s significant crypto role despite its ban.
- Calls for U.S. crypto leadership.
- Implications for crypto investment strategies.
Donald Trump claimed on CBS that China is heavily investing in Bitcoin and crypto, suggesting a potential increase in geopolitical influence despite an internal ban on cryptocurrencies.
These statements highlight the strategic competition in digital assets, where the U.S. aims to maintain global leadership amid China’s expanding financial presence.
Donald Trump recently raised concerns over China’s growing involvement in Bitcoin and crypto. Despite the official ban in mainland China, he emphasized China’s influence on digital assets as a potential threat to U.S. leadership. “China is getting very big into Bitcoin and crypto right now.”
Trump’s statements were prompted by his controversial pardon of Binance Co-founder Changpeng Zhao . He framed the issue as both an economic and geopolitical challenge, urging the United States to maintain its dominance in the crypto industry.
While U.S. and China remain key holders of Bitcoin, Trump’s remarks highlighted a narrowing gap between their holdings. This competitive accumulation underscores a potential shift in global crypto dynamics.
The U.S. government holds nearly 21.32 billion USD in Bitcoin, closely followed by China with approximately 20.89 billion USD. Trump’s calls for increased U.S. investment underline strategic financial positioning.
Trump’s comments did not elicit immediate official responses from U.S. or Chinese entities. However, his geopolitical framing of crypto adoption might shape future policy dialogues. For real-time commentary on these trends, see:
Experts suggest that while the mainland bans crypto, China’s investment strategy indirectly influences global crypto markets. Active Hong Kong regulations highlight China’s external crypto expansion, supporting Trump’s economic narrative.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum Bounces Back After $155M Short Liquidations: Is a Reversal in Sight?
Central Bank Issues Historic Penalty: Adhering to Crypto Regulations Is Now Essential
- Ireland's Central Bank fined Coinbase Europe €21.5M for AML/CFT failures, marking its first crypto enforcement action. - Systemic flaws allowed 30M unmonitored transactions (€176B) due to software errors and governance gaps. - Regulators emphasized crypto compliance urgency, citing MiCA regulations and law enforcement collaboration risks. - Coinbase acknowledged technical errors but faced reduced penalties via early settlement under regulatory programs. - Case highlights EU's intensified crypto oversight
Fed's Balancing Act: Navigating Inflation and Employment in the 2025 Interest Rate Challenge
- The Fed debates 2025 rate cuts to balance 3% inflation control with a cooling labor market, as policymakers like Jefferson advocate a slow easing approach. - Mixed signals persist: U.S.-China trade deal eased volatility but left businesses cautious, while Matson's 12.8% China service decline highlights lingering tensions. - Market expects 25-basis-point December cut, but Powell warns uncertainty remains, compounded by government shutdown limiting key data access. - Rate-cut expectations boosted municipal

Bitcoin News Update: Institutions Pour In Funds Despite Bitcoin Downturn: ETFs Draw $240M During Market Turbulence
- Bitcoin ETFs saw $240M net inflows on Nov 6, ending a six-day outflow streak led by BlackRock's IBIT and Fidelity's FBTC. - Despite Bitcoin's 9% weekly price drop to $100,768, institutional confidence grew in regulated, low-fee ETF products amid market volatility. - Altcoin ETFs gained traction while total crypto ETPs faced $246.6M outflows, highlighting diverging investor priorities. - Analysts attribute Bitcoin's decline to internal dynamics, not ETFs, as on-chain data shows easing sell-pressure and st
