Dan Tapiero, a prominent investor and founder of Gold Bullion International, has published a chart showing the drastic growth of gold trade in China. The source of this chart is Bloomberg. He believes that Bitcoin is likely to bloom in the United States.
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Gold trading activity rises in China
The diagram shows a huge growth of gold trade in the mainland -hine, reaching 20 million ounces at the beginning of 2024, which includes significant departure from low trading volumes in 2016 and in the following years. At that time, trading volume barely reached 10 million ounces.
This coincides with the recent data published World Gold Council Report, Which shows the continuation of the gold retail investment boom in China. More specifically, this report states that in the quarter of 2024, it is estimated that 336 tonnes of gold could be in the second largest global economy (less than 36%). However, the gold price of gold was driven by a gold -demand boom, although the demand for jewelry became weaker. In addition, the Chinese Golden ETF saw a strong inflow in 2024 and had a major impact on gold trade in the country.
At the beginning of 2025, the demand for gold in the US and other worlds increased due to the economic uncertainty caused by the newly elected US President Donald Trump – mostly trade tariffs. The US raised tariffs for the highest Chinese products – 145% – and the latter did it in the same way. At the beginning of April, Gold reached the second consecutive highest of all time this year, ranging from $ 3,500 per ounce.
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Dan Tapiero shares his bitcoin against it
A well -known investor and financial market expert Tapiero offered his position on this situation about Bitcoin on digital gold. He said it was “clear who bought all the gold”. The investor explained this, pointing out that Bitcoin has been prohibited in China from 2021 and investors cannot legally possess it. Therefore, gold is the only valuable value that the Chinese have.
Tapiero believes that this may mean that Bitcoin is still in a very early stage due to the situation in China and Europe (which is also hostile to BTC, he emphasizes). It changes the US “only one freedom lighthouse” and “the world of cryptocurrency”.
