Why would China pump gold price when they are accumulating gold faster than anyone else?

My theory is that China and its autocratic ideology blinds China to an excellent opportunity to embrace Bitcoin as a neutral and fair alternative to the dying USD.

In a world where Bitcoin becomes a significant reserve asset China would enjoy a significant strategic advantage as they generate a huge surplus of electricity and at a very low price/kw/h and China could easily and logically dominate mining if it chose to.

Maybe they are saving their surplus for AI dominance or more directly productive purposes as low electricity prices give Chinese manufacturing a huge strategic advantage over all other industrialised nations...but Bitcoin could be a great way to create a neutral alternative to the USD and one that many other nations could accept as neutral and immune from sanctions from any nation state.