Vance stated in his speech: "China does not like Bitcoin, the United States should embrace it," elevating cryptocurrency to a tool of geopolitical competition, attempting to consolidate the dollar's position through digital asset hegemony and weaken the traditional financial system's dependence on China.
Wans defined Bitcoin as a "symbol of free technology," pointing directly to China’s "rejection of Bitcoin due to fear of decentralization." The U.S. intends to incorporate cryptocurrencies into the "digital cold war" tools through policy export (such as G20 countries adopting American-style regulatory frameworks), implementing on-chain asset freezes against countries like Iran and North Korea, replicating the sanction logic of "petrodollars." In response, China has opened up another track and defensive supervision, the central bank digital currency (CBDC) has broken through, and China has abandoned the bitcoin track and made every effort to promote the digital yuan (e-CNY), with a pilot transaction volume of 7.3 trillion yuan, covering 180 million wallet users. Led the Bank for International Settlements "mBridge" project, and cooperated with Thailand, the United Arab Emirates and other countries to establish a multilateral CBDC cross-border settlement platform to challenge the hegemony of US dollar clearing. Promote the underlying infrastructure of blockchain (such as Chang'an Chain) through the Belt and Road Initiative, but clearly distinguish between "coinless blockchain" and cryptocurrency, and define crypto assets as a "source of speculative risk" rather than a strategic resource.
The United States is curating "Free Art" at the Bitcoin Conference, tying Bitcoin to anti-centralization values; China, on the other hand, emphasizes the "national financial security" attributes of CBDC, criticizing Bitcoin for "promoting the disorderly expansion of capital."
The United States has embedded cryptocurrency assets into the dollar hegemony system through a "Bitcoin + stablecoin" dual-track system, achieving an "upgrade of the old hegemony." China responds with "national chain rights" (blockchain sovereignty) by building a parallel settlement network through a CBDC alliance, challenging the underlying architecture of the US dollar.
**Short-term risk points**: ⚠️ If the United States sanctions Chinese on-chain addresses (such as mining pools and wallets) under the guise of "anti-money laundering", it may trigger an acceleration of financial decoupling; ⚠️ If China expands the settlement share of the digital yuan in Southeast Asia, it will squeeze the survival space of USDT in the gray market.
This game has no end yet, but it is certain that cryptocurrency has transformed from a technical experiment into a "new frontier" of financial power for major countries, and the struggle for rule-making authority will reshape the global wealth distribution pattern for the next 30 years.
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Ryakpanda
· 05-29 16:22
No matter how things change, they never stray from their essence; the U.S. just wants to play people for suckers around the world.
The New Battlefield of Sino-American Competition
Vance stated in his speech: "China does not like Bitcoin, the United States should embrace it," elevating cryptocurrency to a tool of geopolitical competition, attempting to consolidate the dollar's position through digital asset hegemony and weaken the traditional financial system's dependence on China.
Wans defined Bitcoin as a "symbol of free technology," pointing directly to China’s "rejection of Bitcoin due to fear of decentralization." The U.S. intends to incorporate cryptocurrencies into the "digital cold war" tools through policy export (such as G20 countries adopting American-style regulatory frameworks), implementing on-chain asset freezes against countries like Iran and North Korea, replicating the sanction logic of "petrodollars."
In response, China has opened up another track and defensive supervision, the central bank digital currency (CBDC) has broken through, and China has abandoned the bitcoin track and made every effort to promote the digital yuan (e-CNY), with a pilot transaction volume of 7.3 trillion yuan, covering 180 million wallet users. Led the Bank for International Settlements "mBridge" project, and cooperated with Thailand, the United Arab Emirates and other countries to establish a multilateral CBDC cross-border settlement platform to challenge the hegemony of US dollar clearing. Promote the underlying infrastructure of blockchain (such as Chang'an Chain) through the Belt and Road Initiative, but clearly distinguish between "coinless blockchain" and cryptocurrency, and define crypto assets as a "source of speculative risk" rather than a strategic resource.
The United States is curating "Free Art" at the Bitcoin Conference, tying Bitcoin to anti-centralization values; China, on the other hand, emphasizes the "national financial security" attributes of CBDC, criticizing Bitcoin for "promoting the disorderly expansion of capital."
The United States has embedded cryptocurrency assets into the dollar hegemony system through a "Bitcoin + stablecoin" dual-track system, achieving an "upgrade of the old hegemony."
China responds with "national chain rights" (blockchain sovereignty) by building a parallel settlement network through a CBDC alliance, challenging the underlying architecture of the US dollar.
**Short-term risk points**:
⚠️ If the United States sanctions Chinese on-chain addresses (such as mining pools and wallets) under the guise of "anti-money laundering", it may trigger an acceleration of financial decoupling;
⚠️ If China expands the settlement share of the digital yuan in Southeast Asia, it will squeeze the survival space of USDT in the gray market.
This game has no end yet, but it is certain that cryptocurrency has transformed from a technical experiment into a "new frontier" of financial power for major countries, and the struggle for rule-making authority will reshape the global wealth distribution pattern for the next 30 years.