Recent rumors claiming that the Chinese government sold 15,000 bitcoins for $1.25 billion in 2024 have been disproved. Experts highlight the lack of official confirmations and on-chain data.
False Rumors of Bitcoin Sale
Claims of a 15,000 BTC sale by the Chinese government have been marked as false. The absence of evidence, official statements, and on-chain data confirms this is information without basis. According to Guo Zhihao, a Shenzhen-based lawyer, "The central bank should manage seized assets and either sell them legally abroad or keep them as reserves."
No Market Impact
Data analysis shows the alleged sale did not impact Bitcoin's price or trading patterns. On-chain data does not indicate transactions as reported in the rumors.
Risks of Misinformation in Crypto Markets
This situation highlights the risks of spreading unchecked information. Experts urge caution when interpreting rumors, emphasizing that baseless claims can significantly affect market perception.
The unfounded rumors about China's Bitcoin sale illustrate the importance of turning to reliable information sources. This situation serves as a reminder to be cautious with unverified information in the crypto market.
