China accelerating efforts to build a strategic Bitcoin reserve

As the direction of cryptocurrency regulation in the United States changes, reports are spreading that China is actively working on a strategic Bitcoin reserve, Crypto Briefing reported. Bitcoin Magazine CEO David Bailey stated via X that China is doubling down on its own strategic Bitcoin reserve, with the Chinese having held a series of private meetings on the matter. It appears that Beijing is paying attention to Bitcoin as part of its de-dollarization strategy to ease its economic dependence on the United States.