China’s crypto rollout could trigger Bitcoin supercycle, says Solana Company CEO

A former UBS Asia investment bank chief thinks the biggest swing factor for Bitcoin might not be in Washington or on Wall Street. It might be in Beijing. Joseph Chee, now CEO of Solana Company, said that China reopening crypto trading and widening its use of blockchain could set off a new supercycle for digital assets. He sees Bitcoin as a particular beneficiary. His condition is a big one, though: the risks have to be managed well. What Chee actually said Chee made the remarks on CNBC’s Squawk Box Asia on October 6, 2026. His core argument was about scale. If the mainland reopens access, demand from China’s massive user base could be significant. The key word in his framing is “if.” Chee tied any supercycle to effective risk management. He did not describe a done deal or a timeline. He described a scenario that depends on how carefully Beijing handles the opening. That nuance matters. The online summary of his view leaned more confident, saying the rollout “will” trigger a supercycle. On air, the argument was conditional: a reopening could spark one, provided the risks are contained. He also made a point about geography. According to Chee, Beijing is using Hong Kong as a testing g...