China Eyes U.S. Bitcoin Moves Closely Following Official Endorsement, Says Grayscale

Grayscale: China May Reconsider Crypto Stance Amid U.S. Bitcoin Reserve Push

Grayscale is keeping a close eye on China as the U.S. takes bold steps toward integrating bitcoin into its national strategy. In a Monday research report, the asset manager said that signs of a potential policy shift in China could have a “profound impact” on bitcoin’s global adoption trajectory.

“The country to watch right now is China,” Grayscale noted. “If crypto restrictions ease even slightly, it could spark a wave of global adoption.”

This analysis follows President Donald Trump’s recent directive to establish a Strategic Bitcoin Reserve, initially composed of government-confiscated BTC, signaling growing institutional interest at the state level.

While China continues to uphold strict bans on crypto mining and trading, Grayscale pointed out that ownership of digital assets is still allowed, leaving the door open for policy evolution. The firm also cited Hong Kong’s expanding crypto framework as a potential testing ground within China’s broader jurisdiction.

In a potentially telling development, China’s Supreme Court and other high-level legal bodies convened in February to examine how digital assets should be treated under national law—possibly laying the groundwork for future regulatory adjustments.

If China follows the U.S. lead in embracing aspects of the crypto economy, it could act as a tipping point for widespread global integration of bitcoin, Grayscale concluded.