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▲ Donald Trump, Xi Jinping, US, China, Bitcoin (BTC)/AI-generated image
As U.S. President Donald Trump is scheduled to hold a summit with Chinese President Xi Jinping in Beijing, China, from May 13 to 15, the Bitcoin (BTC) market is closely watching for signs of easing U.S.-China tensions and the impact on the mining supply chain. Bitcoin has risen less than 1% in the past 7 days leading up to the summit, but it is up approximately 13% over the past 30 days.
CryptoPotato reported that Trump will visit China again for the first time since 2017, and the upcoming talks are expected to cover key issues such as artificial intelligence (AI), semiconductors, new trade and investment, and Middle East tensions. In the cryptocurrency market, this meeting is considered an event that could affect Bitcoin and the digital asset market.
During his first term, Trump imposed tariffs on Chinese imports and continued the same stance after his return to the White House in 2025. This put pressure on Chinese mining equipment manufacturers such as Bitmain, Canaan, and MicroBT. CryptoPotato noted that U.S.-China trade tensions have affected Bitcoin prices, and there have been instances where Bitcoin reacted negatively whenever Trump made statements pressuring China.
Executives from companies connected to digital assets will also accompany the summit. BlackRock CEO Larry Fink manages the largest Bitcoin spot ETF, and Tesla, represented by Elon Musk, holds 11,509 BTC. Ryan McInerney of Visa and Michael Miebach of Mastercard are expanding stablecoin payment infrastructure, and David Solomon of Goldman Sachs is also linked to the expansion of cryptocurrency trading businesses.
However, an analysis also suggested that the possibility of a direct expansion of Bitcoin demand in mainland China is limited. XWIN Japan stated in a May 12 analysis that the Chinese government recently reinforced restrictions on cryptocurrency-related activities, real-world asset tokenization, and yuan-pegged stablecoins, judging expectations of China easing its cryptocurrency policy as premature. CryptoPotato explained that, consequently, the scenario of direct expansion of Bitcoin demand in mainland China is excluded for the time being.
The mining industry is considered a key sector that could be affected by this meeting. While North America holds an advantage in global hashrate growth, the mining equipment supply chain still heavily relies on China. If the talks lead to an easing of U.S.-China tensions, mining investment and hashrate expansion could accelerate, which could positively impact Bitcoin prices. Conversely, if the talks fail, increased equipment costs and supply delays could put a burden on the Bitcoin market beyond mere investor sentiment.
The macroeconomic environment remains unstable. Oil prices rose by up to 4% on Monday, reaching $105.50, after peace talks between the U.S. and Iran stalled. High oil prices stimulate inflation expectations and reduce the likelihood of Federal Reserve interest rate cuts, which could pressure financial conditions for risk assets like Bitcoin. Bitcoin is expected to re-test its short-term direction based on whether signals of eased trade tensions and stable mining supply chains emerge from this U.S.-China summit.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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