U.S. and China compete for Bitcoin reserves

The U.S. and China are competing to build significant Bitcoin reserves, with estimates suggesting the U.S. holds about 198,109 BTC and China around 190,000 BTC. This reflects a shift in how both nations view Bitcoin as a strategic asset. China, which banned Bitcoin mining in 2021, still retains substantial reserves from legal seizures. The U.S. has also accumulated Bitcoin through confiscations linked to illegal activities and is considering a more proactive approach to its Bitcoin strategy. Both countries recognize Bitcoin's potential as a financial tool amid rising inflation and distrust in traditional banking. This competition may signal a new phase in global power dynamics, with Bitcoin playing a central role.