Assets, Bitcoin

How Much of Bitcoin Is Owned by China?

When it comes to Bitcoin, China has always been a major player. In fact, some estimate that as much as two-thirds of all Bitcoin is owned by Chinese investors.

That’s a huge amount of control for any one country to have over a global asset, and it’s led to some concerns about whether or not China is manipulating the Bitcoin market.

So, just how much of Bitcoin is owned by China? It’s hard to say for sure, because there is no central registry of Bitcoin ownership. However, there are some estimates out there.

One study from 2018 found that about 20 percent of all Bitcoin was held in Chinese wallets. That would put the value of Chinese-owned Bitcoin at around $60 billion at today’s prices.

NOTE: Warning: The ownership of Bitcoin by China is an ongoing debate with no clear answers. While some sources claim that China owns a majority of the Bitcoin, other sources suggest that these figures are inaccurate and that the actual amount owned by China is much lower. As such, it is important to take any information regarding Chinese ownership of Bitcoin with a grain of salt and to always vet the source of any such information before relying on it.

Another estimate comes from Chainalysis, a firm that tracks cryptocurrency transactions. They believe that about 5 percent of all Bitcoin is held in Chinese wallets.

That would put the value of Chinese-owned Bitcoin at around $15 billion.

So, there is no definite answer to the question. However, it seems safe to say that a significant amount of Bitcoin is owned by Chinese investors.

And given the country’s history with cryptocurrency, it’s likely that China will continue to be a major player in the Bitcoin market for years to come.

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