The US government holds 210,000 bitcoins. Is this a potential threat to the market?
The way and cycle of the US government handling Bitcoin, as well as the main sources of this batch of Bitcoin.
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The way and cycle of the US government handling Bitcoin, as well as the main sources of this batch of Bitcoin.
The US government wallet address sends 4,000 BTC to Coinbase.
President Joe Biden has taken no steps to support the Bitcoin industry ahead of the 2024 election.
Chinese scholars acknowledge Bitcoin as property, signaling a potential shift in the country's stance on cryptocurrency. This recognition challenges previous perceptions and may lead to a relaxation of the Bitcoin ban. Market responds positively, with Bitcoin price rising by 1.90% to $64,897.90.
The value of MicroStrategy’s Bitcoin holdings has grown to about $13.5 billion since the company began buying the digital asset as part of its efforts to hedge against inflation.
Chinese media reports that the first Bitcoin and Ethereum spot ETFs will be listed in Hong Kong at the end of April, but mainland investors are prohibited from trading them.
Estimates vary on U.S. government's Bitcoin holdings, ranging from 164,013 to 213,246 BTC. Recent transactions involving seized funds add complexity. On-chain analysis suggests holdings around 179,196 BTC, valued at nearly $11.90 billion. Diverse methodologies yield different estimates, awaiting official clarity. U.S. government's substantial Bitcoin holdings may influence market dynamics.
Chinese Bitcoin miners flock to Ethiopia for low electricity costs amid global shifts. Despite a ban on trading, Ethiopia welcomes mining, balancing economic potential with societal concerns.
Chinese residents invest in cryptocurrencies like Bitcoin, defying the government ban. Hong Kong's crypto market is key, raising speculation on a regulatory shift. Authorities balance control and growing demand in the evolving crypto landscape.
The US government's Bitcoin holdings have surged to $8.3 billion due to recent seizures linked to high-profile cases. Comparatively, these holdings exceed those of prominent entities like MicroStrategy. Limited sales have occurred, generating substantial revenue, yet the US could have retained a much larger stash if BTC hadn't been sold. Anticipation looms over potential Silk Road Bitcoin sales, while uncertainties persist regarding Bitfinex hacker-held BTC. This development positions the US with potentially the world's largest government-held Bitcoin reserves, surpassing various countries combined, while China could rival this status if its holdings remain unsold.