US Emerges as Bitcoin Safe Haven While China Doubles Down on Gold – Dan Tapiero’s Bold Call

As China stockpiles gold like a dragon hoarding treasure, the US quietly becomes the go-to refuge for Bitcoin bulls. Macro investor Dan Tapiero spots the trend—while Wall Street still can’t decide if crypto’s a ’risk asset’ or the future.

Gold’s glitter fades next to digital scarcity. Meanwhile, US regulators—slow as ever—unwittingly create the perfect breeding ground for Bitcoin adoption. Guess who’s winning the 21st-century store-of-value race?

Funny how the ’barbarous relic’ gets all the love from centralized powers while decentralized money keeps cutting through red tape. Some things never change—except your portfolio if you backed the wrong hedge.

• Gold trading volume in China surged to 20 million ounces at the start of 2024.
• Retail demand for gold in China remained strong despite a year-over-year decline in total consumption.
• Dan Tapiero believes the US could become the leading hub for Bitcoin growth due to global regulatory restrictions.

A sharp rise in gold trading volume in China at the start of 2024 may signal a shifting global trend. As gold demand surges due to local and global pressures, investors like Dan Tapiero suggest a major opportunity for Bitcoin in the US. Tapiero believes that growing geopolitical constraints in Asia and Europe will position the US as the central hub for digital assets.

China’s Gold Trading Volume Sees Unprecedented Growth

At the beginning of 2024, China reached 20 million ounces of gold trading activity, marking a major jump from the previous historical figures. Bloomberg data provided by Dan Tapiero indicates that current annual gold volumes reached nearly twice the previous 10 million ounce threshold. The rising domestic demand for gold investment led to increased investment even though jewelry consumption decreased.

Source: X

Retail interest in gold maintains its high levels in China because, in Q1 2024, customers purchased 336 tonnes of gold products, according to data from the World Gold Council. The Q1 price rise in 2024 accounts for the 36% annual year-over-year change, although interest in these products remains steady. Substantial inflows into Chinese gold ETFs increased trading activity throughout the national territory.

The increase in gold demand demonstrates China’s inability to obtain alternative value-storage assets, including the banned Bitcoin since 2021. Chinese investors decide on gold investment because it is their most feasible and compliant choice. The restrictions Tapiero observes have made China evolve toward physical assets rather than digital assets.

Bitcoin Faces Barriers in Asia and Europe

The Chinese market cannot access Bitcoin, creating an ownership deficit throughout the Asian region. Tapiero says European regulatory restrictions have become the main obstacle for broader crypto adoption. Due to ongoing regulatory controls, market demand and potential development of digital currency benefits remain constrained in crucial markets.

People resist and limit access to digital assets, though global interest in these assets continues to grow. The restricted investment options compel investors to choose traditional assets, including gold, as a practical storage of wealth. The regulatory environment allows cryptocurrencies to find new opportunities in regions where they are welcome.

The United States Emerges as a Crypto Stronghold

Global investors moved toward secure financial options because of the 2025 economic instability, which pushed up the price of gold to $3,500 per ounce. The United States and China trade tensions created through excessive tariff implementation caused investors to start looking into protective assets again. According to Tapiero, the current financial conditions create perfect conditions for Bitcoin’s growth in the United States.

He identifies the US as a crucial area for crypto development because of its welcoming environment that supports digital innovation. Blockchain technology finds unique opportunities to develop in the United States because other regions restrict digital assets. Bitcoin should gain its primary backing from the evolving global financial industry within the United States.