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Can Bitcoin Price Hit $200K If China Announces BTC Strategic Reserve Tomorrow?

source-logo  coingape.com 08 March 2025 10:44, UTC

Bitcoin price is dropping despite President Donald Trump announcing that the US government will not sell any of the nearly 200,000 BTC currently in its possession. However, speculation that China could follow in the US footsteps and launch its own BTC reserve has stirred market interest. If China were to announce a Bitcoin strategic reserve, would BTC price surge to $200,000?

coingape.com