Mow, a supporter of “$1 million BTC” predicts China’s Bitcoin pivot

It’s a comment that seems unremarkable when longtime Bitcoin (BTC) supporters known for pushing the $1 million BTC story casually emerges the idea that China in all countries is preparing to adopt Bitcoin, especially when it is backed up by a mix of current energy strategies, export dynamics and systematic tensions.

That’s exactly what Samson Moe recently hinted at in one of his usual short but influential social media posts.

This idea isn’t just on the left field as the US and China slap 34% tariffs on each other’s goods. Mow pointed out that China currently has 26 reactors built, and that most of its current Bitcoin mining hardware and infrastructure comes from Chinese manufacturers.

The idea is very simple, but there’s more to it than eye contact. China will limit the export of Bitcoin mining equipment and instead can use its excess nuclear capabilities to mine Bitcoin. But it’s not retail or business use. For itself.

China’s Strategic Bitcoin Reserve

The timing of this kind of speculation is important. Recently, there have been posts online that broke what China can do if the US continues to put pressure on them.

There are few options. 1) accept US terms, 2) actively disregard the yuan, or 3) inject huge 2-3 trillion dollars into the economy despite its impact on debt levels. Mow’s approach was to suggest a fourth option rather than guessing the most likely path. This is the country’s Bitcoin strategy.

Of course, China banned Bitcoin a while ago. The 2021 crackdown has halted trade and mining across the mainland. However, the existence of Bitcoin and Ethereum ETFs in Hong Kong, a region operating under Chinese authority, continues the conversation.

There have been some talk recently about China’s strategic Bitcoin reserve idea, which is probably just speculation, but there is some weight to it, especially since the US just created it.