China establishes Bitcoin reserves? Bitcoin Magazine CEO: China is conducting confidential discussions and evaluating the establishment of a strategic reserve of Bitcoin | Cryptonews

Bitcoin Magazine CEO and David Bailey revealed on Sunday that China is in confidential discussions to assess the possibility of building a strategic Bitcoin reserve. Bailey, an important figure in supporting Trump's campaign last year, posted on the X platform that the Asian economic power is accelerating its own national-level Bitcoin reserves. This news has raised questions among X platform users, and many have raised questions about Bailey's sources and the credibility of its access to confidential information. In addition, a Shanghai court confirmed that individuals holding cryptocurrencies are not illegal in China, but speculative transactions may be regulated and enforced. Although China bans cryptocurrency trading and mining, China still dominates the Bitcoin network in 2024 and controls 55% of the world's computing power. There are also reports that more and more Chinese investors are looking for alternative ways to participate in the cryptocurrency market. 00:00 David Bailey revealed on Sunday that China evaluates the establishment of a strategic Bitcoin reserve 00:43 urging the Xi Jinping government to study cryptocurrency more in-depth 01:05 China still dominates the Bitcoin network 55% of the global computing power 01:22 Best Wallet is a multi-chain, unmanaged crypto wallet 02:43 Best Wallet has built a series of innovative features🛸Solaxy👉https://cryptoforall.care/b_cnytSolaxy 🐂BTC bull👉https://cryptoforall.care/b_cnytbitcoinbull 💡Mind of Pepe👉https://cryptoforall.care/b_cnytMindofPepe 👛BestWallet👉 https://cryptoforall.care/b_cnytbestwalletapp 📈Meme Index 👉 https://cryptoforall.care/b_cnytmemeindex 🙀Catslap 👉 https://cryptoforall.care/box_3666ebef8c03738499d75238f2fe45cf 🎲2024 Best Crypto Entertainment Shop 👉 https://linktr.ee/iamnotgog 💥2025 Major Cryptocurrency Price Forecast 👉 https://www.youtube.com/playlist?list=PLEXG9aLZ2BKe5qIXGjAEmjlpeFo2TTCYb 👛 Best Wallet 👉 https://www.youtube.com/playlist?list=PLEXG9aLZ2BKdsV75puDTzyNo4213Y_6OM ₿ Bitcoin-related videos 👉 https://www.youtube.com/playlist?list=PLEXG9aLZ2BKeFRqfFNxXRq-2n-0ZVC-zX Notes: This media content is for general information purposes only and does not constitute financial advice. No part of the content should be construed as financial, legal or tax advice. The content of this video is only the personal opinion of the spokesperson, who is not a licensed financial advisor or a registered investment advisor. There is a considerable risk of loss when buying cryptocurrencies. The spokesperson does not warrant any specific results. Past performance does not represent future results. All information is for public awareness and public use only. Please be cautious about this information, conduct your own research, and invest only the amount you can bear the loss.