China’s Gold Hoard Grows While Bitcoin Parties Like It’s 2099 🤑💰

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  • When U.S.-China drama meets money, gold and Bitcoin both get a glow-up.
  • Whale wallets multiply like rabbits—over 60 new beastly holders gobbling 1,000+ BTC since March.

So here’s the tea: The U.S and China are having one of those “how do you want to play this?” moments — but instead of rock-paper-scissors, it’s gold bars versus digital coins. China is hoarding gold like it’s blackout day at the supermarket, adding five tonnes faster than you can say “stash it all under the mattress.” Meanwhile, the U.S is waving the crypto flag, whispering sweet nothings to Bitcoin.

Oh, and did I mention? China nabbed 15,000 Bitcoin off some shady operators—worth about $1.4 billion. Now the officials are scratching their heads figuring out what to do with that hot potato.

China’s Gold Rush 🌟

According to The Kobeissi Letter (basically the financial gossip queen), the People’s Bank of China is piling up bullion with the enthusiasm of a toddler collecting shiny rocks. All this while Bitcoin is playing hard to get, sitting pretty above $87,000—even after Trump dropped a bombshell 245% import tax announcement that sent markets on a brief rollercoaster.

The rebound was so quick it made investors do a double-take—could Bitcoin be the new Fort Knox for uncertain times? Highly possible. Plus, whales (no, not the sea creatures) have been splashing around like there’s no tomorrow, creating over 60 new mega-wallets each holding 1,000+ BTC since March. That’s a lot of crypto bling.

At press time, Bitcoin was strutting at $90,107.15, climbing 3.27% in just 24 hours. Talk about stamina!

Meanwhile, gold prices are soaring to heights of $3,401 per ounce, thanks mostly to institutional heavyweights (China, cough) doing some aggressive shopping sprees.

Enter Peter Schiff: Gold’s Critic-turned-Sidekick?

Peter Schiff, the unapologetic crypto naysayer and gold’s hypeman, chimed in on X with this nugget:

“Gold jumping above $3,400 is a clear market signal that the Fed needs to raise interest rates. Yet everyone, including Trump, is calling for the Fed to cut them. The Fed will likely ignore gold’s warning and cave to the pressure to cut. That policy mistake will send gold soaring.”

Honestly, whether you love or hate him, Schiff’s got that drama nailed. And while gold dazzles in the spotlight, Bitcoin is quietly plotting its next chart-topping move. Institutional fans of crypto haven’t exactly gone ghost yet.

Trade Wars & The Great Gold vs. Bitcoin Showdown 🥊

With tariffs flying like ninja stars between the U.S. and China, investors are scrambling to find something safe to cling to. Cue gold and Bitcoin, both battling for the “Mr. Reliable” crown in an unstable world.

But it’s not all smooth sailing. Nearly $5 billion in ETF outflows scream “maybe hold up,” even as Bitcoin’s price refuses to throw in the towel.

And China’s mixed signals—are they hoarding Bitcoin, dumping it, or just messing with our heads?—only add to the soap opera.

Still, Bitcoin’s calm “keep calm and HODL” attitude amid all the confusion might just be proof that this digital rebel is here for the long haul. Or at least until the next tweetstorm hits.

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2025-04-23 11:10