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Is China Secretly Selling Bitcoin? Analyst Warns of Bitcoin Price Crash to $40K

  • China, the second-largest holder of Bitcoin in the world, has a reserve of around 194,000 BTC.
  • China lacks a clear policy for cryptocurrencies and trading crypto is still illegal in the country.
  • Speculation suggests that China might be secretly selling its Bitcoin, potentially affecting the market.
  • Experts urge China to establish clear crypto regulations and propose moving assets to Hong Kong for better management.

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