尽管广泛猜测中国仍然是比特币最大的政府持有人之一，但一些专家认为，这可能不再是这种情况

报道表明，尽管官方数据仍然反映了中国拥有约194000 BTC的占有率，但一些分析师认为该国已悄悄地卸载了其持股。

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.

尽管广泛猜测，但一些专家认为，中国可能不再是比特币最大的政府持有人之一，与表明该国拥有约194,000 BTC的报道相反。

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.

据报道，中国参与比特币领域一直是正在进行的讨论的主题。今年早些时候，加密分析师Ki Young Ju表示，中国已将其比特币卖给了一月份的Plustoken骗局。

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），是比特币的坚定批评家，也是著名的黄金倡导者，声称中国在几个月前放弃了比特币的位置。

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

席夫的断言与中国与美国之间的酿造竞争的谣言相矛盾，均旨在以数字资产为优势。

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

据他说，中国对争夺加密至高无上的竞争没有兴趣，并继续将黄金作为其首选价值存储。

"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.

“美国和中国并没有参加'比特币军备竞赛'来看看谁能拥有最多的BTC。我不确定谁开始了这个荒谬的谣言，但尽管没有人似乎知道他们在说什么，但它仍然在流传，” Schiff在X上写道。”

"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."

“中国对持有比特币没有兴趣。实际上，中国几个月前就出售了BTC。但是，即使他们确实想拥有最大的比特币财富，美国就已经以仅凭占领加密货币资产而超越了它们。”

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，这将与公开可用的数据相矛盾，并就中国是否仍然是主要比特币持有人的进一步辩论。

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.

根据政府资产负债表中的数据，该国的BTC储藏量为39.7亿美元，是资产负债表上71亿美元的“其他资产”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.

根据视觉资本家的说法，如果中国的BTC持有量仍以当前价格为194,000，那么它们的价值约为52亿美元。

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

同时，比特币的市场活动继续反映出典型的四年周期，其特征是价格上涨，然后是更正。

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.

加密货币在2023年增长了令人印象深刻的增长，但其年度绩效在2024年放缓。2025年初，挑战也带来了挑战，比特币在2月份下降，然后在三月份显示出略有恢复。

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

分析师预计会进一步波动，但预计长期上升趋势会继续。

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.

美国的政治格局在塑造比特币的轨迹中也起着至关重要的作用。自唐纳德·特朗普（Donald Trump）上任以来，他的政府已实施了亲克赖特（Crypto）政策，包括制定国家比特币储备。

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，该储备仅由查获的数字资产组成，目前尚不清楚美国政府是否或何时会积极地开始购买比特币进行战略持股。