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Bitcoin vs China's eCNY — permissionless digital scarce asset vs state-controlled surveillance CBDC.
| Metric | Bitcoin | China's eCNY (Digital Yuan) | Δ |
|---|---|---|---|
| Bitcoin Market Cap | $1.56T | — | — |
| Bitcoin Price | $77.86K | — | — |
| Bitcoin 24h Change | -0.22% | — | — |
| Bitcoin FDV | $1.56T | — | +0.0% |
| Bitcoin ATH | $126.08K | — | — |
Crypto data live from Sharpe's tracker cache; TradFi values are reference benchmarks updated quarterly.
China's eCNY (digital yuan) is the world's largest-piloted retail CBDC, with cumulative transaction volume exceeding 7T yuan ($1T+) through 2024-2026 across pilot cities. Outstanding eCNY in circulation is smaller — tens of billions of USD-equivalent at any given time — as it functions as a payment rail rather than a store of value. Bitcoin's market cap ($1T-$2.5T) is tens to hundreds of times larger than eCNY in circulation. The comparison is ideologically sharp: eCNY is government-issued, centrally controlled, and carries full state surveillance of transaction flow. Bitcoin is permissionless, censorship-resistant, and issues on a fixed schedule independent of any government. For allocators framing 'sovereign digital currency' vs 'non-sovereign digital asset' exposure, this is the clearest contrast available.
Side-by-side crypto comparison with normalized returns
Rolling correlation between crypto and major TradFi benchmarks