China is converting its foreign exchange reserves to gold from the dollar because China is in conflict and a trade war with the United States. And they are now conducting their international transactions, both exports and imports, without using the dollar anymore, but using the yuan, the Chinese currency. This includes dedollarization to reduce many countries' dependence on the dollar and to break down the dollar's hegemony as well.

Until now (as of 2025), China has not adopted Bitcoin as a reserve asset. Instead, the country has banned the use, trading, and mining of Bitcoin.The Chinese government remains very cautious about cryptocurrencies because: Bitcoin is decentralized, meaning the government cannot fully control it. Citizens could use Bitcoin to transfer money abroad, which China strictly prohibits.
Will China adopt Bitcoin as a reserve asset in the future?

I thought China has no Bitcoin, I saw a post about this on the forum, the difference between China and America is huge, the U.S likes to show how powerful they have become but not China.

China likes to keep things under the radar, unnoticeable, secrecy is China ways of doing things, but  anyways, reserves here and there won't make a lot of difference in bitcoin price action.

Some people still think that ETF approval and reserve news will turn Bitcoin into a more stable digital currency compare to the past but I don't believe this, with all the reserve news Bitcoin is fighting for its life at the 50MA line, if it breaks down it is over for now.

Gold got a lot higher thanks to China making huge moves. To be fair, aren't they sort of right? Don't get me wrong in the battle of east vs west I wish both of them to ruins, I hate both side. However, looking at how US is not paying their debt, and China has the most debt holding from US, that means China is basically not getting paid, USA just buys from China and refuses to pay, just writes it as debt and gives a paper of "IOU" and moves on.

China wanted cash, not this, so they sold those IOU's for much cheaper, like 50% or less, and instead used that to get gold. This really helped their economy too, they were getting much worse because of those construction crisis they had similar to 2008 of USA, but they recovered thanks to this move. So I would say they are currently treating gold as higher than anything including bitcoin.

All countries may be hoarding gold for sure, because its proven to be safe haven when it comes to investments. Yet, not all countries are positive about bitcoin and have no clear plans about accumulating bitcoin or let's just say, increasing their seized bitcoins.

However, China is different. If possible, they should have the biggest supply of gold and bitcoin. So I honestly believe that they are also reserving some good amount of bitcoins. It may be a big revelation in the future, who knows.

The US holds more than 8 thousand tons of gold and is the country with the largest gold reserves in the world. But the total global gold supply is 216 thousand tons, meaning that US gold only accounts for about 3.7% of the gold supply.
According to the Fed's monthly report, they have barely bought any additional gold since 2005. Meanwhile, if China maintains its gold buying momentum as in recent years, sooner or later it will equal the gold reserves of the US.

As for bitcoin, I don't think governments will care about it and see it as a complementary asset to gold in the near future. Because bitcoin is still so new.

Do you see any country abandoning gold for bitcoin, including the US? Selling gold, buying bitcoin is a bad idea. Therefore, China does not need to give up on gold, instead they should realize the potential of bitcoin and consider owning it along with gold.

China is currently actively buying gold but its gold reserves are only the 6th largest globally. Their gold reserves are even less than Russia, France, Germany, let alone compete with the US. So they cannot control the gold market. China is hoarding gold just to implement its policy of de-dollarization and reduce dependence on the USD.