Bitcoin Skyrocketing?


#1

Hello,
I’ve just recently been introduced to this whole idea and something I read indicated somewhat of a contradictory behavior the Chinese govt. recently executed with respect to Bitcoin.

The question: what would happen if the Chinese govt unloaded all it’s US Treasuries (~1.2T) and turned around and invested that money in Bitcoin? It seemed to me this might be what they’re planning. Cause wouldn’t it effectively shift the world positions of the 2 countries?

What motivation do they have not to do this? Especially if the world economy experiences the worst depression ever seen and their GDP is already going to take a huge hit for an extended period of time anyway?