Simply Bitcoin BREAKING: Is China Selling Their Bitcoin? (Bull Run CANCELED, Again?) | EP 1224
Apr 16, 2025
Jameson Lopp, CTO and co-founder of Casa, a Bitcoin self-custody solution and early Bitcoin adopter, dives into the implications of China selling vast amounts of Bitcoin. He discusses the complexities of cryptocurrency regulations in China and contrasts them with U.S. approaches. The conversation explores the significance of self-custody for retail investors, the risks posed by traditional fiat systems, and Bitcoin's potential as a stable financial alternative. Lopp emphasizes the importance of adapting security measures as the landscape of digital assets evolves.
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China's Impact on Bitcoin Bull Runs
- China's selling of Bitcoin may have stopped Bitcoin's price surge during the Trump administration's early days.
- The 2021 China mining ban caused a 50% drop in hash rate, possibly capping Bitcoin's 2021 bull run.
China's Seized Bitcoin Sales
- Chinese local governments are selling seized Bitcoin despite crypto trading bans to fund public coffers.
- This creates a moral hazard as local revenue depends on cryptocurrency seizures, risking corruption.
Bitcoin Adoption Cycle Reality
- Bitcoin adoption is fast, reaching billionaires and nation states quickly but wide retail adoption remains limited.
- Most retail investors remain cautious or turned off due to previous market burns.