Uncle Sam’s Bitcoin Stash: A Blessing or a Curse for Crypto?
- The U.S. holds $13 billion in BTC, dwarfing its $180 million in ETH.
- Potential Bitcoin sell-offs spark fears of volatility.
- Blockchain transparency allows tracking of government crypto holdings.
The U.S. government’s massive $13 billion Bitcoin stockpile has always been a source of intrigue for the crypto community. Now, new data reveals just how large that stake is compared to its Ethereum holdings, raising questions about the potential market impact should the government ever decide to sell.
This trove of Bitcoin, amounting to 213,546 BTC, dwarfs the government’s Ethereum holdings of 53,900 ETH, which are valued at a comparatively modest $180 million.
The staggering 72-fold difference in holdings raises concerns about the potential market impact should the government ever choose to liquidate a portion…
The post Uncle Sam’s Bitcoin Stash: A Blessing or a Curse for Crypto? appeared first on Coin Edition.
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Uncle Sam’s Bitcoin Stash: A Blessing or a Curse for Crypto?
- The U.S. holds $13 billion in BTC, dwarfing its $180 million in ETH.
- Potential Bitcoin sell-offs spark fears of volatility.
- Blockchain transparency allows tracking of government crypto holdings.
The U.S. government’s massive $13 billion Bitcoin stockpile has always been a source of intrigue for the crypto community. Now, new data reveals just how large that stake is compared to its Ethereum holdings, raising questions about the potential market impact should the government ever decide to sell.
This trove of Bitcoin, amounting to 213,546 BTC, dwarfs the government’s Ethereum holdings of 53,900 ETH, which are valued at a comparatively modest $180 million.
The staggering 72-fold difference in holdings raises concerns about the potential market impact should the government ever choose to liquidate a portion…
The post Uncle Sam’s Bitcoin Stash: A Blessing or a Curse for Crypto? appeared first on Coin Edition.
Read More