Former UBS exec says China crypto reopening could trigger Bitcoin supercycle
Image: Crypto BriefingJoseph Chee, former UBS Asia investment banking head and Solana Company CEO, said on CNBC's Squawk Box Asia on October 6, 2026 that a managed mainland China crypto reopening could spark a Bitcoin supercycle. He noted Hong Kong is serving as Beijing's policy test lab for crypto access. Mainland crypto trading has remained banned since September 2021, and Beijing has announced no plan to extend Hong Kong's upcoming crypto licensing rules to the mainland.
Key points
- Joseph Chee, former UBS Asia investment banking head, leads Nasdaq-listed Solana Company, which holds SOL as a treasury asset.
- Chee said a managed mainland China crypto reopening could trigger a new Bitcoin supercycle, if risks are effectively managed.
Why it matters
A mainland China crypto reopening would unlock access for one of the world's largest potential crypto user bases, which could increase Bitcoin trading activity and capital flows. Hong Kong's upcoming crypto licensing rules may serve as a template for any future mainland policy changes.
What's unclear
There is a discrepancy between an online summary of Chee's remarks that framed a China crypto rollout as certain to trigger a supercycle, and his on-air comments that framed the su
There is no publicly announced timeline or formal plan from Beijing for any relaxation of mainland crypto trading restrictions
Price context · BTC
At publication
$85,551.00
Now
$85,621.00
Change since
+0.08%
7 days · dashed line = publication
Sources · 2 publishers
BeInCrypto
Tier 2
China Could Trigger the Next Bitcoin Supercycle: What's Stopping It?
Coverage timeline
- First reported by Crypto Briefing
- Confirmed by BeInCrypto
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
