儘管廣泛猜測中國仍然是比特幣最大的政府持有人之一，但一些專家認為，這可能不再是這種情況

報導表明，儘管官方數據仍然反映了中國擁有約194000 BTC的佔有率，但一些分析師認為該國已悄悄地卸載了其持股。

Despite widespread speculation, some experts argue that China may no longer be one of the largest government holders of Bitcoin, contrary to reports suggesting the country possesses around 194,000 BTC.

儘管廣泛猜測，但一些專家認為，中國可能不再是比特幣最大的政府持有人之一，與表明該國擁有約194,000 BTC的報導相反。

According to reports, China's involvement in the Bitcoin sphere has been a subject of ongoing discussion. Earlier this year, crypto analyst Ki Young Ju stated that China had sold off its Bitcoin linked to the PlusToken scam in January.

據報導，中國參與比特幣領域一直是正在進行的討論的主題。今年早些時候，加密分析師Ki Young Ju表示，中國已將其比特幣賣給了一月份的Plustoken騙局。

However, some, like Peter Schiff, a staunch critic of Bitcoin and a well-known advocate for gold, claim that China abandoned its Bitcoin position months ago.

但是，有些人，例如彼得·希夫（Peter Schiff），是比特幣的堅定批評家，也是著名的黃金倡導者，聲稱中國在幾個月前放棄了比特幣的位置。

Schiff's assertion contradicts rumors of a brewing competition between China and the U.S., both aiming for digital asset dominance.

席夫的斷言與中國與美國之間的釀造競爭的謠言相矛盾，均旨在以數字資產為優勢。

According to him, China has no interest in competing for crypto supremacy and continues to prioritize gold as its preferred store of value.

據他說，中國對爭奪加密至高無上的競爭沒有興趣，並繼續將黃金作為其首選價值存儲。

"The US and China are not engaged in a 'Bitcoin arms race' to see who can hold the most BTC. I'm not sure who started this ridiculous rumor, but it's still circulating despite the fact that no one seems to know what they are talking about," wrote Schiff on X, formerly Twitter.

“美國和中國並沒有參加'比特幣軍備競賽'來看看誰能擁有最多的BTC。我不確定誰開始了這個荒謬的謠言，但儘管沒有人似乎知道他們在說什麼，但它仍然在流傳，” Schiff在X上寫道。 ”

"China has no interest in holding Bitcoin. In fact, China sold off its BTC months ago. But even if they did want to hold the largest Bitcoin fortune, the U.S. already outclasses them in terms of seized crypto assets alone."

“中國對持有比特幣沒有興趣。實際上，中國幾個月前就出售了BTC。但是，即使他們確實想擁有最大的比特幣財富，美國就已經以僅憑佔領加密貨幣資產而超越了它們。”

If true, this would contradict publicly available data and further fuel debates over whether China is still a major Bitcoin holder.

如果是真的，這將與公開可用的數據相矛盾，並就中國是否仍然是主要比特幣持有人的進一步辯論。

According to data from the government's balance sheet, at the end of 2022, the country's BTC stash was valued at $3.97 billion, part of the total $7.1 billion in "other assets" on the balance sheet.

根據政府資產負債表中的數據，該國的BTC儲藏量為39.7億美元，是資產負債表上71億美元的“其他資產”的一部分。

According to Visual Capitalist, if China's BTC holdings are still around 194,000 at current prices, they would be worth around $5.2 billion.

根據視覺資本家的說法，如果中國的BTC持有量仍以當前價格為194,000，那麼它們的價值約為52億美元。

Meanwhile, Bitcoin's market activity continues to reflect the typical four-year cycle, characterized by sharp price increases followed by corrections.

同時，比特幣的市場活動繼續反映出典型的四年周期，其特徵是價格上漲，然後是更正。

The cryptocurrency saw impressive growth in 2023, but its annual performance slowed in 2024. Early 2025 also presented challenges, with Bitcoin experiencing a drop in February before showing slight recovery in March.

加密貨幣在2023年增長了令人印象深刻的增長，但其年度績效在2024年放緩。 2025年初，挑戰也帶來了挑戰，比特幣在2月份下降，然後在三月份顯示出略有恢復。

Analysts anticipate further volatility but expect a continuation of the long-term upward trend.

分析師預計會進一步波動，但預計長期上升趨勢會繼續。

The political landscape in the U.S. also plays a crucial role in shaping Bitcoin's trajectory. Since Donald Trump took office, his administration has implemented pro-crypto policies, including the creation of a national Bitcoin reserve.

美國的政治格局在塑造比特幣的軌跡中也起著至關重要的作用。自唐納德·特朗普（Donald Trump）上任以來，他的政府已實施了親克賴特（Crypto）政策，包括制定國家比特幣儲備。

For now, this reserve consists only of seized digital assets, and it remains unclear if or when the U.S. government will actively begin purchasing Bitcoin for strategic holdings.

目前，該儲備僅由查獲的數字資產組成，目前尚不清楚美國政府是否或何時會積極地開始購買比特幣進行戰略持股。