#Trump Claims U.S. Leads China in Crypto Race at Saudi Summit


#DonaldTrump proclaimed, "We're leading China in crypto" during the Gulf-U.S. Summit in Saudi Arabia.


The former #Bitcoin critic now calls himself a "big crypto fan" and projects $BTC as a $10 trillion asset class.


Behind the rhetoric lies a strategic crypto competition, with the U.S. holding 198,000 $BTC versus China's estimated 190,000 $BTC.


The U.S. primarily acquired its holdings through seizures, while China maintains influence through mining infrastructure and hardware production.


Markets remained unmoved by Trump's comments, with $BTC trading at $103,090 during his speech.

image
May 14, 2025 at 3:29 PM
107
8
4
3