Is China Behind Bitcoin? A Bold Theory on a $50T Crypto Endgame

Buckle up, crypto rebels—this theory’s a heart-pounding bombshell. I’m Yale ReiSoleil, a trader since 1997, no Wall Street suit. Born in China in the ‘60s, my mother’s family, once among the richest, lost it all in 1949.

That chaos gave me life—China literally birthed me, and I’m a fierce defender of it today, forever grateful for its lifting a billion people from poverty.

Growing up poor but proud, I saw journeys that took my family two days shrink to 30 minutes. I moved to the U.S. after winning an international award, thriving without grudges.

By 2013, Shanghai’s commodity futures buzz hooked me; I built the first cross-Pacific fiber optics line for our high-frequency trading (HFT) setup, running one of China’s biggest proprietary firms.

When 2015’s trading limits gutted our 4,300 orders-per-second operation, I rediscovered Bitcoin’s rebel spirit, buying at $430. My 2016 Steemit post called $50K-$1M (link), now half-right at $107K.

With 2025’s Bitcoin reserve craze sweeping nations and firms, I’m dropping a question that’ll rattle your cage: Is China playing us like pawns in a $50T chess game?

Picture Satoshi Nakamoto as a Chinese government mastermind, hoarding 4-8 million BTC—maybe 10M—to dominate global finance. At $100K, BTC’s worth $2.1T, 1/10 the USD’s $20T M2. At $1M, it’s $20T, matching the USD.

At $50T, China’s half-share could be a $25T weapon to peacefully dethrone the U.S. economy. If I’m right, this hoard’s a bullish rocket for Bitcoin’s long-term prices, and a peaceful power shift is a win for the world.

My wild ride through crypto’s underbelly—raids, tycoons, secret plans—says this isn’t nuts. It’s a heist movie, and we’re in it.

My Crypto Odyssey: From Shanghai to Crypto’s Core

My trading life kicked off in 1997, chasing markets from stocks to futures. Shanghai in 2013 was electric—blockchain labs, crypto meetups, pure hustle—but I was deep in HFT, pushing thousands of contracts per second across a fiber optics line I built from Shanghai to the U.S. China’s 2015 clampdown, limiting orders to one contract, killed our game, so I pivoted to Bitcoin.

At $430, I bet on its defiance. My 2016 Steemit call for $50K-$1M was a gut hunch, now half-right at $107K.

In 2018, I was set to speak at a Chinese crypto conference when—boom!—enforcement stormed in. Picture me, coffee in hand, watching suits scatter like a spy flick.

That same year, I met Jihan Wu, Bitmain’s co-founder, in Beijing—sharp, kind, but no solo tycoon bankrolling a mining empire in China’s watched capital.

Then there was Changpeng Zhao’s (CZ) ex-boss, who revealed CZ’s start as a coder in a Shanghai state firm. CZ, a Chinese-Canadian, built Binance into a juggernaut—too neat for chance.

Most gripping? I sat with crypto insiders—PhDs, postdocs, some deputy minister-level—spilling plans for China’s crypto future, even offering to buy my unreleased token with a sly wink. These weren’t bar chats; they were glimpses of a grand plot. Could China have scripted Bitcoin from day one?

China’s Crypto Empire: Mining and Exchanges

The numbers scream dominance. From 2010-2018, Bitmain’s pools—AntPool, BTC.com—ran 50-65% of Bitcoin’s hash rate, minting ~300K BTC a year, likely more (CoinDance). That’s millions of coins before 2018.

Exchanges? China owned the game. BTCC—whatever happened to Bobby Lee, who ran the world’s biggest Bitcoin exchange?—Huobi, OKcoin, and later Binance, OKX, Bybit, Bitget, Gate, MEXC ruled, possibly hitting 92% of global trading volume pre-2018 (my estimate, not verified, CoinMarketCap).

I saw this in Shanghai: trading floors buzzing, deals flying, China calling shots. Jihan Wu’s $2.5B Bitmain empire (CoinDesk 2017) and CZ’s Binance rise felt like a machine, not luck. State backing? Hard to believe otherwise.

The 2018 Ban: A Sly Disguise

China’s 2018 “ban” was no crackdown—it was a magician’s trick. They’d already hoarded their BTC, no price dips needed. That 2018 conference raid I dodged? Not about killing crypto but signaling China was “out” while they sat tight.

Covert mining rolled on, holding ~20-30% hash rate post-2018 (CoinShares 2023). Those insiders I met—PhDs and Postdocs in cryptography technology with government clout—talked big, offering to back my token like it was a done deal.

The 2018-2021 bans let China slip into the shadows, waiting for Bitcoin’s moonshot while the world scrambled. A power move masked as retreat.

Smokescreens to Hide the Hoard

China’s playing this like a heist flick. The Digital Yuan, with 260M users (PBoC 2025), is a centralized decoy, diverting eyes from a decentralized hoard. Craig Wright’s fake Satoshi claims (debunked, New York Times 2024)? A perfect distraction. Vitalik Buterin’s Chinese fluency, post-Ethereum’s 2014 China-funded ICO? Another sly misdirection.

And that name—中本聪—“China’s intelligent foundation” or “Chinese are inherently smart.” Is it Beijing’s cheeky signature? No on-chain proof shows a 4-8M BTC hoard (Glassnode, Chainalysis), but fragmented wallets could hide it.

At $107K/BTC, that’s $428-856B; at $1M, it’s $20T, matching the USD’s M2 (Federal Reserve 2025). At $50T (~$2.4M/BTC), China’s half-share (~10M BTC) is a $25T financial nuke to peacefully upend the U.S. economy ($27.36T GDP, World Bank 2024).

The 2025 Reserve Craze: Handing China Checkmate?

Here’s the pulse-pounding part. Bitcoin’s at $107K, but $100K is a sexy milestone—just $2.1T, 1/10 the USD’s $20T M2 (Federal Reserve 2025). Isn’t now the perfect time to push reserves? The U.S. holds 200K BTC, Pakistan and Brazil are in, and firms are stacking (bitcointreasuries.net).

Everyone’s vesting—Bitcoin Reserve fever! But every buy pumps a Chinese hoard’s value. If I’m right, and China holds half the supply (~10M BTC), that’s bullish as hell for long-term prices—$200K-$500K by 2030, $5M by 2040 (Bloomberg 2025). At $1M/BTC, the market hits $20T, rivaling the USD’s M2.

At $50T, China’s $25T hoard could peacefully dethrone the U.S. and dominate global finance. The world’s getting hooked on Bitcoin, and guess who’s holding the keys? Nice play, China.

China’s $25T Hoard: A New World Order?

If China holds half of a $50T Bitcoin market—$25T worth—they’d wield unprecedented power. Imagine a financial structure where Bitcoin, at $2.4M per coin, rivals the USD’s $20T M2 and outstrips the U.S.’s $27.36T GDP (World Bank 2024).

China could reshape trade, sidestep sanctions, and fund global projects like the Belt and Road, all without firing a shot. Economically, it’d make Bitcoin the world’s reserve asset, with China as its biggest player, dwarfing the USD’s 58% share of global reserves (IMF 2025).

Geopolitically, it’s a masterstroke—avoiding Thucydides’ Trap, where rising powers (China) clash with established ones (U.S.). Historically, such shifts sparked wars; here, it’s peaceful, a rare feat in 5,000 years.

I’m not afraid of this—it’s one of humanity’s greatest achievements. If anyone can pull off this long play, it’s China, with its unmatched 100-year planning. The political and economic fallout? Uncertain, but a peaceful power transition is a win for the world. Hats off, China!

Rethink the Game

This theory’s a wild guess—no hard proof of a hoard—but China’s mining, exchanges, and 2018 disguise scream strategy.

As a “forever Bitcoiner” and fierce China defender, I’m bullish on BTC’s rise and see a Chinese hoard as a price rocket. Are we vesting in a system that hands China the crown?

Join my Spaces, July 2, 2025, 8 PM CDT, to debate: Is China pulling Bitcoin’s strings? My Untrading platform (@UntradingOrg) pushes disciplined exits to secure your gains in this shifting order. Don’t just ride the rocket—know who’s steering it.