China is reportedly considering changing its negative stance towards bitcoin and cryptocurrency due to President Trump's support for the industry. The shift in China's perception of bitcoin may be a result of President Trump's influence on President Xi Jinping's views. China currently holds the second-largest amount of bitcoin reserves, and it is speculated that it may not sell its bitcoin stash anytime soon. However, China is still seen as hostile towards bitcoin and crypto, associating it with criminal activities such as money laundering.



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