Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Authorities claim that scammers have stolen $ 265,000,000 in crypto to buy exotic cars, private security and other luxury

2025-05-19

Weaver Labs stimulates AI-led decentralized connectivity, joins Imagen Network

2025-05-19

Finish Bitcoin price inches in the direction of all time-can Momentum?

2025-05-19
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Weaver Labs stimulates AI-led decentralized connectivity, joins Imagen Network

    2025-05-19

    Cdari works together with Laika Ai to strengthen blockchain -intelligence about chains

    2025-05-19

    Vitaminai and Blocx partner to stimulate security and productivity by bridging Web2 and Web3

    2025-05-19

    Sentismai integrates Kyberswap for seamless EVM -Kettingwaps

    2025-05-19

    Alchemie acquires Solana developer Dexterlab for unknown sum

    2025-05-19
  • NFT

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16

    Founder wallet emptied while he leaves

    2025-05-15
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Finish Bitcoin price inches in the direction of all time-can Momentum?

    2025-05-19

    XRP -Price confirms Bullish reversing settings with this demand zone

    2025-05-19

    Ethereum – price cannot break through – what does it stop?

    2025-05-19

    Dogecoin (Doge) is struggling to support profit while Meme Coin cools Mania

    2025-05-19

    Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

    2025-05-19
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»‘China is definitely not creating a Bitcoin reserve’ – Anthony Scaramucci
Altcoins

‘China is definitely not creating a Bitcoin reserve’ – Anthony Scaramucci

2024-12-11No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Avatar

Journalist

Posted: December 11, 2024

  • Nations Explore Bitcoin Reserves, With China and Russia Signaling Potential Strategic Adoption.
  • Scaramucci predicted that Bitcoin’s price could reach $176,000 amid rising demand and limited supply.

Discussions about a Bitcoin [BTC] reserve is gaining momentum among countries, with re-elected US President Donald Trump suggesting the idea of ​​establishing such a reserve in the United States.

The idea has since attracted global attention, with major players such as Russia and China reportedly exploring similar possibilities.

Scaramucci on China Reconsidering Bitcoin

Adding to the story, Anthony Scaramucci recently suggested that China could re-enter Bitcoin mining and integrate Bitcoin into its reserves, a bold prediction made during his election campaign. address at the Bitcoin MENA 2024 conference.

Scaramucci has further predicted a significant shift in Chinese attitudes towards Bitcoin, predicting the country’s potential return to Bitcoin mining and integrating it into national reserves by 2025.

Needless to say, despite the ban on Bitcoin mining in 2021, China still accounts for around 10% of global mining activity.

Therefore, Scaramucci further speculated that China could set up its own strategic Bitcoin reserve as early as next year and leverage the resumed mining activities to accumulate more BTC.

He said,

“China, there is no way, and I would bet money on this, that if the US moves toward a strategic Bitcoin reserve, the Chinese will not participate.”

Other executives weigh in and its impact on Bitcoin

Adding to the controversy, former Binance CEO Changpeng “CZ” Zhao added his voice to the growing discussion surrounding China’s Bitcoin backup plan, a concept already embraced by countries like El Salvador.

See also  The fate of Dogecoin depends on $ 0.16 - breakout or breakdown ahead?

In Russia, the conversation even took a formal turn when State Duma member Anton Tkachev proposed creating a Bitcoin reserve to counter geopolitical risks and economic sanctions.

Last month, Scaramucci predicted that Bitcoin could rise to $176,000 within two years, highlighting strong demand and limited supply of 21 million as key price drivers.

If the Bitcoin Reserve plan comes to fruition, some experts even predict that Bitcoin may surpass $1 million in the long term.

From the last update of CoinMarketCapBitcoin traded at $97,358.39, reflecting a 0.20% increase in the past 24 hours.

As expected, technical indicators such as the RSI and the CMF continue to point to robust bullish momentum, suggesting that Bitcoin’s upward trajectory is far from over.

Next: This is how and why the whales of AAVE were able to push the altcoin to $300

Source link

Anthony Bitcoin China creating Reserve Scaramucci
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Finish Bitcoin price inches in the direction of all time-can Momentum?

2025-05-19

Only 5% will make it

2025-05-19

Cardano’s ICO era ‘Redemption Scandal’ re -diving – will it drag the Rally of Ada?

2025-05-19

Whales that are used heavily on Bitcoin Longs – this is why this can work out counterproductive!

2025-05-19
Add A Comment

Comments are closed.

Top Posts

M3 Dao and Poppe Collective Reform Web3 identity with AI-driven innovation

2025-03-15

XRP Price Momentum Spikes – $ 2.25 break could cause a larger rally

2025-04-23

Chainlink MVRV Enters Bearish Zone As LINK Breaks $10, Correction Soon?

2023-10-23
Editors Picks

Ivanka Trump Mints Fake Cryptocurrency and Exploits Her Name

2025-01-24

Analyst Doubles Down on Bullish Year for Bitcoin

2024-01-06

Worldcoin tanks by over 50% as data privacy concerns mount

2023-08-26

Reddit the only major tech company to ‘crack the NFT code’: co-founder of Polygon

2023-05-25
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Authorities claim that scammers have stolen $ 265,000,000 in crypto to buy exotic cars, private security and other luxury

Weaver Labs stimulates AI-led decentralized connectivity, joins Imagen Network

Finish Bitcoin price inches in the direction of all time-can Momentum?

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$105,642.01-0.11%
  • ethereumEthereum(ETH)$2,531.253.18%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.38-1.29%
  • binancecoinBNB(BNB)$650.270.34%
  • solanaSolana(SOL)$166.90-2.75%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.224300-2.71%
  • cardanoCardano(ADA)$0.74-1.22%
  • tronTRON(TRX)$0.2666860.06%
  • suiSui(SUI)$3.83-0.80%
  • chainlinkChainlink(LINK)$15.790.80%
  • avalanche-2Avalanche(AVAX)$22.24-2.05%
  • stellarStellar(XLM)$0.286358-1.73%
  • hyperliquidHyperliquid(HYPE)$26.54-1.45%
  • shiba-inuShiba Inu(SHIB)$0.000015-1.74%
  • hedera-hashgraphHedera(HBAR)$0.193897-0.74%
  • unus-sed-leoUNUS SED LEO(LEO)$8.62-1.19%
  • bitcoin-cashBitcoin Cash(BCH)$393.02-2.77%
  • the-open-networkToncoin(TON)$3.02-3.43%
  • litecoinLitecoin(LTC)$98.39-1.57%
  • polkadotPolkadot(DOT)$4.59-3.02%
  • moneroMonero(XMR)$343.092.12%
  • bitget-tokenBitget Token(BGB)$5.211.47%
  • pepePepe(PEPE)$0.000013-1.96%
  • daiDai(DAI)$1.000.02%
  • piPi(PI)$0.74-1.40%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • aaveAave(AAVE)$247.868.71%
  • uniswapUniswap(UNI)$5.92-1.93%
  • bittensorBittensor(TAO)$410.72-2.04%
  • nearNEAR Protocol(NEAR)$2.77-1.47%
  • aptosAptos(APT)$5.201.27%
  • okbOKB(OKB)$52.41-0.96%
  • ondo-financeOndo(ONDO)$0.93-1.73%
  • kaspaKaspa(KAS)$0.107332-3.32%
  • ethereum-classicEthereum Classic(ETC)$18.48-0.17%
  • internet-computerInternet Computer(ICP)$5.20-0.93%
  • gatechain-tokenGateToken(GT)$21.55-0.78%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.83-2.30%
  • crypto-com-chainCronos(CRO)$0.095905-2.70%
  • mantleMantle(MNT)$0.73-1.32%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.233032-2.58%
  • vechainVeChain(VET)$0.027990-2.18%
  • render-tokenRender(RENDER)$4.56-1.28%
  • usd1World Liberty Financial USD(USD1)$1.00-0.08%
  • ethenaEthena(ENA)$0.365597-4.72%
  • algorandAlgorand(ALGO)$0.222149-0.98%
  • filecoinFilecoin(FIL)$2.86-0.60%
  • arbitrumArbitrum(ARB)$0.3910960.78%
  • bitcoinBitcoin(BTC)$105,642.01-0.11%
  • ethereumEthereum(ETH)$2,531.253.18%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.38-1.29%
  • binancecoinBNB(BNB)$650.270.34%
  • solanaSolana(SOL)$166.90-2.75%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.224300-2.71%
  • cardanoCardano(ADA)$0.74-1.22%
  • tronTRON(TRX)$0.2666860.06%
  • suiSui(SUI)$3.83-0.80%
  • chainlinkChainlink(LINK)$15.790.80%
  • avalanche-2Avalanche(AVAX)$22.24-2.05%
  • stellarStellar(XLM)$0.286358-1.73%
  • hyperliquidHyperliquid(HYPE)$26.54-1.45%
  • shiba-inuShiba Inu(SHIB)$0.000015-1.74%
  • hedera-hashgraphHedera(HBAR)$0.193897-0.74%
  • unus-sed-leoUNUS SED LEO(LEO)$8.62-1.19%
  • bitcoin-cashBitcoin Cash(BCH)$393.02-2.77%
  • the-open-networkToncoin(TON)$3.02-3.43%
  • litecoinLitecoin(LTC)$98.39-1.57%
  • polkadotPolkadot(DOT)$4.59-3.02%
  • moneroMonero(XMR)$343.092.12%
  • bitget-tokenBitget Token(BGB)$5.211.47%
  • pepePepe(PEPE)$0.000013-1.96%
  • daiDai(DAI)$1.000.02%
  • piPi(PI)$0.74-1.40%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • aaveAave(AAVE)$247.868.71%
  • uniswapUniswap(UNI)$5.92-1.93%
  • bittensorBittensor(TAO)$410.72-2.04%
  • nearNEAR Protocol(NEAR)$2.77-1.47%
  • aptosAptos(APT)$5.201.27%
  • okbOKB(OKB)$52.41-0.96%
  • ondo-financeOndo(ONDO)$0.93-1.73%
  • kaspaKaspa(KAS)$0.107332-3.32%
  • ethereum-classicEthereum Classic(ETC)$18.48-0.17%
  • internet-computerInternet Computer(ICP)$5.20-0.93%
  • gatechain-tokenGateToken(GT)$21.55-0.78%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.83-2.30%
  • crypto-com-chainCronos(CRO)$0.095905-2.70%
  • mantleMantle(MNT)$0.73-1.32%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.233032-2.58%
  • vechainVeChain(VET)$0.027990-2.18%
  • render-tokenRender(RENDER)$4.56-1.28%
  • usd1World Liberty Financial USD(USD1)$1.00-0.08%
  • ethenaEthena(ENA)$0.365597-4.72%
  • algorandAlgorand(ALGO)$0.222149-0.98%
  • filecoinFilecoin(FIL)$2.86-0.60%
  • arbitrumArbitrum(ARB)$0.3910960.78%