In recent days, the claim that China has 194,000 Bitcoins (BTC) has come to the fore again. However, blockchain analysis and expert opinions question the authenticity of this information. Here are the details…
China and BTC Relationship: From Past to Present
China has historically had an important place in the crypto ecosystem due to its influence on Bitcoin. As we reported at Kriptokoin.com, restrictions were imposed on cryptocurrency trading in the country in 2017. However, the Chinese government seized 194,000 Bitcoins during a large-scale BTC operation in 2019. However, the fate of these Bitcoins is still unclear.
Blockchain analysts note that these Bitcoins were sold on the open market in 2019 and that the Chinese government does not currently hold any Bitcoin assets. Despite this, some news outlets continue to suggest that China still holds these Bitcoins.
Expert Opinions: No Concrete Data on BTC
Crypto analyst Sani stated that these claims are baseless. Sani emphasized that concrete blockchain data does not support this claim. The analyst, who raised the question “If these Bitcoins are still held, why are the addresses not disclosed?” said:
There is no evidence that China still holds Bitcoin.
Similarly, researcher Kyle Torpey also noted that there were insufficient sources to verify this claim. Torpey expressed his views on the matter with the following words:
The crypto community often relies on old and outdated data, which leads to the spread of misinformation.
Blockchain Transparency: Where is the Proof?
The Bitcoin blockchain is famous for its transparency. Wallet addresses and transfers can be clearly tracked. However, so far, there is no proven address or transaction that shows China holding BTC. “If China really does have these Bitcoins, why can’t the records on the blockchain be found?” analysts ask.
This situation shows how easily information circulating in the crypto world becomes myth. Unless confirmed by blockchain data, claims about China’s Bitcoin stockpile will remain as rumors.
Trust and Integrity in the Crypto Ecosystem
In the crypto world, disinformation leads to misleading investors. Such rumors affect market dynamics and undermine community trust. Therefore, the principle of “trust but verify” is indispensable to the blockchain community. As long as the claim that China has 194,000 Bitcoins is maintained without any blockchain evidence, the crypto community should treat such information with caution.
The existence of such large amounts, in particular, should be verified with concrete data, not just claims. Otherwise, such false information can mislead investors and cause unnecessary volatility in the market. At this point, everyone in the crypto ecosystem needs to be more careful and make data-based decisions. Acting with verifiable information instead of speculation is vital for both investors and market stability.
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