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    Home » Anthony Pompliano: China can buy 21 million BTC

    Anthony Pompliano: China can buy 21 million BTC

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    By BlockchainJournal on October 27, 2019 News
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    Anthony Pompliano, co-founder of Morgan Creek Digital, said in a slightly sarcastic form on his Twitter blog that the PRC, in its desire to develop a digital financial system, could buy back 21 million Bitcoin-coins.

    On his blog, Pompliano turned to Donald Trump, saying that there are only 21 million BTC and China is going to buy them. If this happened, then according to the crypto enthusiast, a real competition would ensue between China and the USA. This would attract the attention of the American president. According to Pompliano, Trump does not like to lose and he would try to buy all the funds.

    Someone tell President @realDonaldTrump that there are only 21 million Bitcoin and China is planning to buy them all.

    This is going to be the real US – China competition.

    That should get him to pay attention.

    The guy hates losing and will try to buy them all??

    Pomp ? (@APompliano) October 26, 2019

    Recall that earlier Trump made it clear that he was negatively inclined towards cryptocurrencies, in particular due to the fact that they are actively used by criminals. At the same time, the desire to have strict control over the crypto industry is dictated by the US fear of losing the value of USD as a global reserve currency.

    In China, a little differently – the other day, the head of the PRC announced that the country would invest in the development of the blockchain industry. Innovative technology is expected to find application not only in the financial sector, but also in the development of the Internet of things, artificial intelligence, big data. In addition, China is developing a national digital currency.

    It is noteworthy that this week Bitcoin experienced a sharp drop, the price fell $ 500 and a sharp rise – the rate rose from $ 7,500 to $ 10,500. Experts attribute the fall to the uncertainty surrounding the Libra project, and the rise could have been caused just by the statement of the Chinese leader regarding the country's position in relation to the blockchain.

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