What if, for the past decade, they've done everything possible to stack quietly—banning miners, attacking exchanges, pushing anti-Bitcoin narratives—just to throw off the scent?
What if the real plan is to buy $2 trillion worth of Bitcoin overnight, add it to reserves, and flip the switch—denominating all trade in Bitcoin?
The U.S. wouldn’t even notice until Bitcoin ripped past $1 million per coin.
By then, it’s too late. The dollar is finished. China is 100 years ahead.
They still hold $775 billion in U.S. Treasuries.
If they dumped those into a market already strained—like right now, when even the Treasury needs to find $61 billion in buyers in the next two days—it would be chaos.
Yields would spike. Liquidity would vanish.
And the U.S. would be forced to step in with the printer to absorb it.
That would kill the credibility of Treasuries overnight—devaluing them for every other nation holding them.
If China wants to make a move, it’s not war or rhetoric.
It’s dumping USTs and forcing the U.S. to buy its own debt with printed money—devaluing the dollar as a reserve asset and displacing Treasuries as the global collateral base.
Luke Gromen has been warning about this for years.
The dollar might survive.
USTs might not.
Because countries don’t hold Treasuries out of goodwill.
They hold them to access the dollar system, to settle trade, and because they’re supposed to be the most liquid, most credible, safest debt instrument in the world.
But that all hinges on U.S. creditworthiness.
And if China can break that illusion—just once—by dumping the one asset that holds the whole system together?
They win.
