Bitcoin has been around for 16 years. At its inception, world leaders and financial analysts laughed about the asset. It is now the most successful asset in the past decade and a half. BTC was also recognized as legal currency in El Salvador and Central African Republic.
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Everybody Wants Bitcoin
Despite the fact that only two countries recognize BTC as legal tender in their respective jurisdictions, many governments still hold large amounts of this original cryptocurrency. BTC also allows many countries to avoid Western sanctions. North Korea has one of the world’s most notorious hacker groups: Lazarus. Iran and Russia also have crypto-friendly governments.
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Look at three of the most important Bitcoin (BTC), or digital currency, holders in global government.
Three governments that hold the most Bitcoin
1. United States Of America
According to reports, the US has about 207.189 BTC. The US is reported to have 207,189 BTC. US coins are worth around $17.32 Billion. US holds BTC from dark-web sites such as Silk Road.
2. China
Bitcoin Treasuries By BitboChina ranks 2nd in the world for government ownership of BTC. A report claims that the Chinese Communist Party owns 194,000 BTC. CCP’s coins have a value of approximately 16.22 billion dollars. China appears to be edging closer to the US on every aspect of the financial sector.
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3. United Kingdom
The UK is ranked third with 61,000 bitcoin (BTC). US BTC is worth around $5.10billion. Although the UK holds a substantial amount of BTC coins, this is not close to what the US and China own.
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Source: watcher.guru
