China's Strategy: Building Reserves with Gold and BTC

China has been scooping up a ton of BTC, and now they're ramping up their gold reserves too. As of October 8, 2025, they've got 2,298.5 tons of gold stored away. Typically, they add about 2 to 5 tons every month, but September saw a bit of a slow down with just 0.4 tons added. This is a clear sign of their growing power!

China is not friendly with bitcoin because they think they may not be able to control bitcoin if the Chinese government adopt bitcoin. You do not need to force your post into bitcoin discussion if you know it is not qualified for it. You can still make post on economic board instead. This discussion is not about bitcoin at all but about gold.

No governments were and are friendly with Bitcoin as they have centralized power to defend. They only accept Bitcoin and turn to Bitcoin friendly if their nations are in big troubles and have to do it as a good choice to boost their national economy and more effects in their society. Otherwise, they will accept Bitcoin under citizen demand and pressure as well as don't want to be too late in Bitcoin party compares to other nations. China has been against Bitcoin in many years while they are keen on gold and has tradition of accumulating gold from citizens to governemtn. Behind the scene, beyond their bans, crackdowns against Bitcoin, we actually don't know whether Chinese government silently accumulate bitcoin. Like North Korea, who knows how many bitcoins they have from either hacks or mining.

In one way or the other, some governments are friendly with bitcoin. Example is El Salvador which made bitcoin a legal tender in 2021. Also with the conditions that IMF gave them regarding the loan they borrowed from IMF, they are still showing that they are friendly with bitcoin. Another country is Bhutan. United State is friendly with bitcoin more during this second Trump tenure. You can browse online about bitcoin friendly countries to know more about it.

China may have realized a vulnerability with bitcoin - the developers are highly concentrated in the US. Given bitcoin's well-known conflicted history with the blocksize wars, hardforks, the more recent Op-Return war, etc. this presents a potential vulnerability for governments because bitcoin can be controlled through the developers. We have seen how a small group of devs can quickly force through unilateral changes to the code any time they want. This has exposed bitcoin's consensus mechanism as being rather weak. In the back of my mind I always thought this could be a problem and potential attack vector for bitcoin. If foreign governments start adopting bitcoin, that would be a concern for them. They don't want a country like the US potentially seeking to control bitcoin, through the mostly US-based developers for example. They're also probably concerned about getting hacked especially with the threat of quantum technology.

China always wants to compete with the US in all aspects. The US have the biggest gold reserve and China is in the sixth position below Germany, Italy, France and Russia. China might be buying gold aggressively to make its way to the top position. There is also the presence of China and Russia in most gold-rich African countries, where they are mining precious stones. Since the ban of Bitcoin in China there have been no positive news from that counry. Bitcoin mining is still prohibited and there is no information about China considering Bitcoin as a reserve currency.

This is not a new news here and other social medias. China is investing in gold to affect the price of bitcoin because of the economy tariffs war with USA. They invest massively to boast gold but the investors of bitcoin are more than Gold so it will not affect bitcoin and China might be on the losing side of this online investment war. If I were them I would not bring the war to this side (online investment), because the fans of bitcoin are more. The investors of Gold in this forum is countable just that we don't know them but bitcoin investors are uncountable here in the forum. China is just doing things to pain USA.

I guess this is what’s sup with that, power! Every nation has always clout for power but, they’ve hardly done that in terms of economy. I accept that it does pay a role but, it’s more of a military approach to this. China is a big economy and they could as well take stands in competing to grab what they can that adds value to their nation and I don’t really mind in that. They might not have been really pro-cryptocurrency but, so were a lot of nations and just recently, we’ve seen a lot of that stands changed.

China has long history of gold bank, traditionally they worship gold because it's part of their culture, it's something that is going to remain relevant even if the rest of the world doesn't want to go with Gold again, there regular demand will make Gold to remain relevant in the next generations to come. Bitcoin? I don't know but I know that country don't like to be influenced by outside world. That country has its own Facebook because they don't trust Mark Zuckerberg. I'm not sure if that country is going to make Bitcoin as a reserve like they did with Gold. They want to control Gold they have but they can't control Bitcoin and last I check they ban Bitcoin for long now. No official statement about the unbanned. If this country is going to make Bitcoin as their reserve then we are first going to see unbanned news soon, it's going to be unconstitutional to be buying Bitcoin and the laws forbid it that no one must be seen with Bitcoin.

China has been on a serious gold-buying spree for years now, like nothing we have seen in ages.  They are mostly trying to cut back on how much they depend on the U.S. dollar, particularly those Treasury bonds.  After the Russia sanctions, everyone saw that dollar assets could be used as a weapon. So, China is stocking up on gold that cant be frozen by Western powers. Now, when it comes to Bitcoin, things get weird.  Even with Bitcoin being illegal there, the Chinese government is thought to have a ton of it, making them one of the biggest state holders in the world.  But, here is the funny part: this Bitcoin didnt come from some central bank plan.  Almost all of it was taken from seized assets.

For China to finally decide to have a Bitcoin with gold reserve is obviously a sign of power, because it would mean they are ready for contingencies that could include war or invasion from other world powers who currently own Bitcoin and gold reserves. I wonder what took them so long to realize the importance of owning Bitcoin mostly now than they are among the leaders in commerce, artificial intelligence and robotics and despite them placing a ban on Bitcoin use within the country. We would see other countries going the queue because cash in king when it comes to war and trades and in order not to be left behind, they gotta get involved or get left behind.

This situation has always been clear even if China has done something to Bitcoin, such as its previous purchases but this only serves to encourage them to do the same because their goal has been their own profit from the start and they will clearly not be friendly to Bitcoin forever. Currently, tensions between China and the US are still ongoing, which makes them seem to constantly change their strategy just to make things difficult for the U  make themselves comfortable, and let other countries know that their country will not be interfered with in any way. Now they're doing it with gold because they know that switching to gold will suppress foreign exchange against the dollar which will certainly weaken the US somewhat. I think this kind of situation is normal for countries that are always at odds even if not in direct confrontation.

A wise country or government can sometimes be deceptive. China may be vocal on being against bitcoin and show to the world that they will never adopt bitcoin at all cost, but hey, we don't know what's actually happening under the table. Their transparency towards their citizens, towards us watching China is never that high, so there are still a lot of things that they chose not to become visible by us, and maybe one of it is silently hoarding bitcoin. And if they are actually doing that, so what? The rest are already adopting bitcoin, and for sure they don't want to be left behind.

This development I think clearly shows that China understands the direction global finance is heading. Gold represents security while Bitcoin represents future liquidity and freedom from centralized control. Accumulating both assets gradually could be China’s way of insulating itself from USD dominance and setting up for long-term sovereignty in trade and currency influence. Don't be surprised that in the nearest future, the combination of BTC and gold in any country’s reserve mix would become the new normal.

The point here, if other countries like US can excel more in gold and bitcoin accumulation, then there's no reason that China won't fail on it. It's just that China is moving secretly, without giving hints that they're actually into bitcoin as much as US can do. In the end, they will be making massive profits and celebrate their success while leaving us believing that they are still very skeptical about bitcoin. We can't really be confident with China beating around bitcoin, we will only get shocked if one day they're all over the news and made the biggest storage of bitcoin.

This is most probably their goal, knowing China wants to take full control almost on everything. So they don't want to just focus on a single asset, but they will diversify as much as possible, just like any smart investor is. However, the news about China may seem to be the opposite way, maximizing gold while rejecting bitcoin. But you know what, only China itself knows the real score towards bitcoin. They are just playing safe, they don't want to look like traitors just like what other countries have picture them out.

Where did you get the information that China is grabbing so much Bitcoin? China has been unfriendly to Bitcoin, and they haven't even permitted mining and trading activities in their country for several years. So, there's no chance of them accumulating Bitcoin at this time, unless the CCP changes its rules and allows the government to accumulate Bitcoin. However, China is indeed actively accumulating more gold as part of its strategy to counter US dollar dominance. By holding more gold, China can reduce its reliance on the US dollar and, at the same time, increase the credibility of the yuan as an international reserve currency. So, this is their strategy to strengthen their currency and counter US dominance.

I remember that they have somehow invested on US stocks when the pandemic was at its height. Maybe they've already cashed those stocks out and now they're reinvesting it to gold. As for BTC, they're not all in about it but I won't be surprised if they have some BTCs on hold but they're not more interested about it. And they're just letting it go until the time has come that it's inline with the interest they have that reaches the global scale economically.

I think they don't mind being public about their gold hoarding and letting the world know their true intentions, there's no reason for them to hide their bitcoin hoarding. Because so far, bitcoin is still just a speculative asset with a fairly small capitalization compared to gold. That means there is still risk and its future is unclear, whether it will become a safe haven or remain a speculative asset. If it were just a speculative asset, the government would not need it. It is clear that China does not take bitcoin seriously and care, we do not need to come up with hundreds of conspiracy theories that they are secretly accumulating it. In the eyes of governments, central banks still do not take bitcoin seriously, that is the truth and we need to accept the reality. Fed, ECB, BoE, BoJ or SNB, global central banks still have no intention of adding BTC to their reserves. PBOC will not rush into this race.

I don't see why you put BTC in the title. China has always been pretty hostile to BTC and the only BTC they're holding are the confiscated BTC and it's very likely that they've sold it off. They are reserving gold for sure since they want to go against dollar domination but never BTC. The western hemisphere is doing opposite of that which is embracing BTC.