Here is Why China Is Likely to Adopt Bitcoin by 2025

Anthony Scaramucci, a prominent figure in the cryptocurrency space and managing partner of SkyBridge, has shared his belief that China will adopt Bitcoin by the end of 2025.

His prediction comes amid growing global interest in Bitcoin, partly fueled by recent developments in the U.S. cryptocurrency landscape.

The election victory of Donald Trump has notably sparked renewed enthusiasm for digital assets. During his campaign, Trump expressed support for Bitcoin, promising to create a U.S. strategic reserve of the cryptocurrency, a move that has garnered attention internationally. This has led to discussions in countries such as Canada, Brazil, and Russia about adopting Bitcoin as part of their national reserves. Public companies worldwide are also increasing their Bitcoin holdings, contributing to the cryptocurrency’s rise above $100,000.

At the Bitcoin MENA 2024 Conference, Scaramucci remarked that the U.S. embrace of Bitcoin would compel other countries, including China, to reconsider their stance. He suggested that China might either integrate Bitcoin into its national reserves or officially approve crypto mining.

READ MORE:

Microsoft Rejects Bitcoin Investment Despite Michael Saylor’s Push

Adding to this, former Binance CEO Changpeng Zhao also voiced his opinion at the conference, suggesting that smaller countries would likely take the lead in Bitcoin adoption, with larger nations like China following. Zhao acknowledged China’s unpredictable regulatory stance but believes that establishing a Bitcoin reserve is inevitable, as it remains the only “hard” asset.

The growing global momentum surrounding Bitcoin, especially after Trump’s support, could significantly impact its price. Some experts, like Galaxy Digital CEO Mike Novogratz, have speculated that Bitcoin’s value could skyrocket to $500,000 per coin if the U.S. follows through with its Bitcoin reserve plans.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.