Grayscale: China’s Policy Shift Could Spark Global Bitcoin Adoption
Grayscale says a potential policy pivot in China could serve as a major catalyst for global bitcoin (BTC) adoption, especially in the wake of the United States establishing a Strategic Bitcoin Reserve.
In a research note released Monday, the asset manager highlighted that Beijing’s next move on crypto could have far-reaching consequences. “China is the key player to watch,” Grayscale stated. “Any softening of its stance on digital assets could accelerate worldwide adoption.”
This comes shortly after President Donald Trump instructed his administration to create a Strategic Bitcoin Reserve, which would initially include BTC seized by U.S. authorities. The move marked a significant shift in U.S. policy toward embracing bitcoin as a strategic asset.
Although China currently maintains strict prohibitions on crypto trading and mining, it still allows private individuals to hold digital assets. Meanwhile, Hong Kong has emerged as a regional crypto hub under the “one country, two systems” model, hinting at a more nuanced approach to regulation.
Grayscale noted that China’s top legal institutions—including the Supreme Court—met in February to reevaluate the legal classification of digital assets. This development suggests that the regulatory tide may be turning.
“If these early signs evolve into concrete policy changes, we could see China playing a much larger role in the global crypto landscape,” the report concluded.
