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China's Central Bank Adds 20 Tons of Gold, Reinforcing Bitcoin (BTC) Debasement Trade

COINOTAG·September 8, 2026·1 min read
China's Central Bank Adds 20 Tons of Gold, Reinforcing Bitcoin (BTC) Debasement Trade

China's central bank added 650,000 ounces of gold in August, its biggest monthly purchase since 2023, extending a 22-month streak. The move reinforces the Bitcoin debasement trade as investors hedge against fiat currency devaluation, boosting BTC's appeal as a store of value.

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