Bitcoin: Top 3 Governments That Hold The Highest Amount Of BTC
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Bitcoin (BTC) has come a long way in its 16-year journey. World leaders and financial experts laughed at the asset in its early days. Today, it is the best-performing asset of the last decade-and-a-half. BTC has also been accepted as legal tender in El Salvador and the Central African Republic.
Also Read: Jim Cramer Called XRP a Con, Here’s What a $1,000 Bet Then Is Worth Today
Everyone Wants Bitcoin
While only two countries accept BTC as legal tender, several governments hold massive amounts of the original cryptocurrency. BTC has also become a way for many countries to bypass Western sanctions. North Korea is home to one of the most notorious crypto hacker groups, Lazarus. Iran and Russia have also opened their doors to crypto.
Also Read: Magnificent 7 Stocks Are At Their Cheapest: Buy These 3 For Max Future Gains
Let’s look at the three most significant Bitcoin (BTC) holders among global governments.
Top 3 Governments That Hold The Highest Amount Of BTC
1. United States Of America
The US is the largest BTC holder among all world governments. According to reports the US has about 207,189 BTC. The value of the coins owned by the US is around $17.32 billion. The US also holds BTC that was seized from various dark web sites, such as Silk Road.
2. China
According to Bitcoin Treasuries by Bitbo, China comes in 2nd place for the highest number of BTC owned by a government. The Chinese Communist Party (CCP) reportedly owns 194,000 BTC. The value of the coins owned by the CCP is around $16.22 billion. China seems to be inching closer to the US in every facet of the financial industry.
Also Read: Michael Saylor’s MicroStrategy Buys 130 Bitcoin For $10.7 Million
3. United Kingdom
UK takes third position with 61,000 Bitcoin (BTC) in its possession. The value of the BTC held by the US is around $5.10 billion. While the UK owns a significant amount of BTC, it is nowhere close to the number of coins owned by the US and China.
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Bitcoin: Top 3 Governments That Hold The Highest Amount Of BTC
Share:
Bitcoin (BTC) has come a long way in its 16-year journey. World leaders and financial experts laughed at the asset in its early days. Today, it is the best-performing asset of the last decade-and-a-half. BTC has also been accepted as legal tender in El Salvador and the Central African Republic.
Also Read: Jim Cramer Called XRP a Con, Here’s What a $1,000 Bet Then Is Worth Today
Everyone Wants Bitcoin
While only two countries accept BTC as legal tender, several governments hold massive amounts of the original cryptocurrency. BTC has also become a way for many countries to bypass Western sanctions. North Korea is home to one of the most notorious crypto hacker groups, Lazarus. Iran and Russia have also opened their doors to crypto.
Also Read: Magnificent 7 Stocks Are At Their Cheapest: Buy These 3 For Max Future Gains
Let’s look at the three most significant Bitcoin (BTC) holders among global governments.
Top 3 Governments That Hold The Highest Amount Of BTC
1. United States Of America
The US is the largest BTC holder among all world governments. According to reports the US has about 207,189 BTC. The value of the coins owned by the US is around $17.32 billion. The US also holds BTC that was seized from various dark web sites, such as Silk Road.
2. China
According to Bitcoin Treasuries by Bitbo, China comes in 2nd place for the highest number of BTC owned by a government. The Chinese Communist Party (CCP) reportedly owns 194,000 BTC. The value of the coins owned by the CCP is around $16.22 billion. China seems to be inching closer to the US in every facet of the financial industry.
Also Read: Michael Saylor’s MicroStrategy Buys 130 Bitcoin For $10.7 Million
3. United Kingdom
UK takes third position with 61,000 Bitcoin (BTC) in its possession. The value of the BTC held by the US is around $5.10 billion. While the UK owns a significant amount of BTC, it is nowhere close to the number of coins owned by the US and China.
Also Read: De-dollarization and the Digital Currency Battle: Why Gold-Backed Stablecoins Could Replace the USD
In This News
Coins
Share:
In This News
Coins
Share:
Read More
Bitcoin Struggles as Trump Prepares to Address the Nation