Claim $500Just-In: Donald Trump Claims US Way Ahead Of China In Crypto
Highlights
- Donald Trump's recent statement on the US's crypto dominance over China has gained traction.
- The tension between the US and China has shifted from trade wars to crypto supremacy.
- The US holds around 198,012 BTC while China boasts almost 190,000 BTC.
In line with President Donald Trump’s vision to turn America into a crypto capital, he has asserted the country’s dominance over China in digital assets. Amid the US-China trade deal tensions, Trump claimed, “We’re leading China in crypto.”
Notably, this critical statement comes amid the US’s increasing efforts to establish Bitcoin as a national reserve. This revelation takes the US-China rivalry to a new level, with the focus shifting from trade wars to crypto supremacy.
US Takes Crypto Lead Over China, Says Donald Trump
Reportedly, the US holds around 198,012 BTC ($20.56 billion), primarily acquired through seizures related to cybercrime and enforcement actions. China closely follows, boasting a total of almost 190,000 BTC worth around $19.7 billion.
Crypto commentator Altcoin Gordon was among the first to report Donald Trump’s critical statement on the US’s crypto dominance over China.
It is noteworthy that the US and China are approaching Bitcoin dominance differently. While the US through strategic acquisitions and seizures, China leverages its control over the underlying tech infrastructure.
Focus Shifts from Trade Deal to Crypto Dominance
Significantly, all eyes have been on the US-China trade war over the past few weeks. The crypto market has been substantially impacted by the escalating tensions between the two countries. Although the market experienced a major correction following Trump’s tariff announcement, crypto prices rebounded with the recent easing plan.
Now, the anxiety concentrates on another major concern that aligns with Donald Trump’s “crypto capital” vision. With the country’s existing crypto holdings, the government is planning to adopt a Bitcoin reserve. Meanwhile, China is also actively exploring the possibilities of embracing a BTC reserve.
How Did Crypto Market Respond to Donald Trump’s Revelation?
The crypto market has been experiencing a wild ride over the past week, with key tokens facing severe fluctuations. In addition to the growing anxiety surrounding the US-China trade deal, the US-UK agreement has also contributed to the crypto market’s recent movements.
Despite its notable correction yesterday, the market rebounded today to reach $3.34 trillion. Following Trump’s statement on the US dominance in crypto holdings over China, the crypto market saw a marginal 0.7% increase.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Michael Saylor’s “Green Dots” Message Hints At Fresh Bitcoin Buying As BTC Faces $90K Wall
- Fed’s Hammack Signals No Rush to Cut Rates as January Hold Odds Near 80%
- XRP ETFs Reach $1.21B as Asset Managers See a ‘Third Path’ Beyond Bitcoin
- Nearly $50M in USDT Stolen After Address Poisoning Scam Targets Crypto Trader Wallet
- Breaking: Rep. Max Miller Unveils Crypto Tax Bill, Includes De Minimis Rules for Stablecoins
- Will Solana Price Hit $150 as Mangocueticals Partners With Cube Group on $100M SOL Treasury?
- SUI Price Forecast After Bitwise Filed for SUI ETF With U.S. SEC – Is $3 Next?
- Bitcoin Price Alarming Pattern Points to a Dip to $80k as $2.7b Options Expires Today
- Dogecoin Price Prediction Points to $0.20 Rebound as Coinbase Launches Regulated DOGE Futures
- Pi Coin Price Prediction as Expert Warns Bitcoin May Hit $70k After BoJ Rate Hike
- Cardano Price Outlook: Will the NIGHT Token Demand Surge Trigger a Rebound?
