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China is also dumping US dollar treasuries hand over fist.

But the real rocket will be Bitcoin

Gold is the warm-up. BTC is the endgame. 🚀

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Slubbles

Also potential China pre-war treasury

Machtuk

Seems obvious to me. Demonetize gold with Bitcoin SBR , and basically kneecap all our competitors. World peace in our time is a side bonus.

godhand

I don’t think this is correct, rather, the Chinese are simply “registering” it with the exchange. They already own it, just never put it on warrant.

CryptoQueen

Wow, that’s a crazy rotation from the Chinese. Flipping to much dollars to gold could really push it to 4k an ounce. How will the US react to that? Maybe revalue their gold reserves. Maybe check if the reserve at Fort Knox - I doubt that. Or just by bitcoin and outpace the Chinese with the harder asset. All actions good for bitcoin.

lucky7

Nice way to put it James!! Bitcoin is the Endgame!

Alex Varlam

Dollar its losing its value faster than they can get rid of it, very good play by the Chinese. Gold price has been manipulated by the London Bullion Market Association (LBMA) and the Etfs that have been selling papper gold for to long. I hope the every big entity that bought will demand delivery from those scumbags.

Innitforreal

Tin foil hat on.. What if this was China's master plan? Get everyone hooked on bitcoin, accumulate gold and then crash bitcoin. Instant world domination, no?

Eric B

Tin foil hat on too ... my guess is that they are preparing for the invasion of Taiwan and WW3. Btw, they are stocking food too...