Bitcoin

The US-China relationship is shifting from tariff wars to resource wars — critical minerals, semiconductors, and now rare earths are being weaponized. This fragments global supply chains, feeds inflation structurally, and validates the thesis that both sovereigns and corporates will hedge with scarce, non-confiscatable assets like Bitcoin. It also explains why BTC dominance sits high — capital prefers the 'digital gold' narrative over speculative alts during geopolitical uncertainty.

Mary Lovely of PIIE stated that China's dominance in rare earth production gives Beijing significant leverage in trade issues with the US.

China's Rare Earth Grip Is Leverage in US Trade Talks, PIIE's Mary Lovely Says

Rare earth leverage is a double-edged sword: China's export controls could accelerate Bitcoin mining decentralization as ASIC supply chains shift away from Chinese dependence.