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International Business Times
International Business Times
Business
Marvie Basilan

The Trump Effect? Xi Jinping Has Changed His Views On Bitcoin: David Bailey

Xi Jinping David Bailey Bitcoin Donald Trump China Crypto United States
Donald Trump, pictured (center) at his Mar a Lago beach club in 2017 with Chinese President Xi Jinping (left). (Credit: AFP)

KEY POINTS

  • Bailey said Xi's views changed 'in response to President Trump's leadership'
  • Trump and Xi's relationship soured during the business mogul's first presidency
  • China is believed to have amassed 194,000 Bitcoins from seizures

China made its stance on Bitcoin and cryptocurrencies clear in September 2021, when the world's second-largest economy banned crypto, marking a dark period in the industry as it became unclear how the country will deal with its BTC holdings from seizures.

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