China’s Alleged 194,000 Bitcoin Holdings? New Evidence Refutes the Claim

A recent claim that China holds over 190,000 bitcoins has been debunked. The theory, initially sparked by an outdated chart, lacks evidence or blockchain-backed proof.

Analysts like Sani from timechainindex.com and researcher @Ergobtc argue that there is no solid proof to confirm China’s possession of confiscated bitcoins, with many believing the coins were sold off in 2019. Despite ongoing rumors, no wallet addresses have been provided to substantiate the claim.

The Bitcoin community, which values transparency and verification, emphasizes the need for proof rather than perpetuating unverified myths.

Clever Robot News Desk 13^th December 2024