Anthony Scaramucci Predicts China to Adopt Bitcoin Reserves Amid Global Shift

Quick Summary:

At the Bitcoin MENA 2024 Conference, former White House Communications Director and hedge fund manager Anthony Scaramucci made a bold prediction: China could reintegrate Bitcoin into its reserves and legalize mining by 2025.

This move, he suggested, would align with a broader global trend of nations exploring Bitcoin as a strategic financial asset.

Before its mining ban in 2021, China was the world leader in Bitcoin mining, accounting for over 65% of global hashrate.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: IndiaBrazilChinaUnited States

Topics: Scaramucci Crypto News Anthony scaramucci China Bitcoin Reserves

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-11 @ 13:08:16 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 431 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 24353927

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