According to The Kobeissi Letter, China's central bank increased its gold reserves by approximately 70,000 troy ounces in April 2025, pushing total holdings to a record 73.8 million ounces. This marks the sixth consecutive month of gold accumulation, with total increases reaching nearly 1 million ounces in half a year (The Kobeissi Letter, May 9, 2025). For cryptocurrency traders, this sustained gold accumulation signals persistent demand for alternative stores of value amid global economic uncertainty, potentially increasing investment flows into digital assets like Bitcoin as investors seek diversified hedges.