China Secretly Selling Bitcoin, Fact or Rumor?
Recently, Peter Schiff — one of the most prominent Bitcoin critics — caused a stir when he claimed that China may have sold more than $100,000 worth of Bitcoin in January 2025 .
Schiff writes on the X platform:
“What do you think China still has those Bitcoins? They probably sold them all in January.”
This has raised questions about whether Beijing is tacitly abandoning the digital asset.
Bitcoin surges but faces pressure
Bitcoin has seen significant growth in 2025, largely due to the victory of former US President Donald Trump and speculation that the US government could add Bitcoin to its strategic reserve. However, Bloomberg estimates that the possibility of this is only about 30% .
Senator Cynthia Lummis has warned that if the US decides to hoard Bitcoin, it could spark a global cryptocurrency race, especially with China. But Schiff said China has been dumping Bitcoin since the beginning of the year.
Huge Amount of Bitcoin from PlusToken Scam
According to Ki Young Ju , CEO of CryptoQuant, China once confiscated 194,000 BTC from the PlusToken scam in 2019.
These assets are believed to have been gradually liquidated through exchanges such as Huobi. However, Chinese authorities have never confirmed whether these Bitcoins have been sold or are still held.
Although Bitcoin is gaining popularity in global finance, many major countries are still hesitant to add this asset to their national reserves.
China currently holds the second largest amount of Bitcoin in the world , after the US. Meanwhile, Japan and South Korea have yet to show any signs of hoarding Bitcoin.
Despite the large selling pressure, history shows that these corrections can be temporary, not a long-term reversal.
