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The royal cryptocurrency, bitcoin, fascinates far beyond simple individual investors. Indeed, some states have amassed impressive reserves of this digital currency. A recent study conducted by Arkham reveals the identity of the three largest government holders of Bitcoin worldwide.
The United States, the undisputed giant of bitcoin holders
With nothing less of 212,847 BTC worth approximately $15 billion, the US government rises to the top. Such a preponderance is mainly explained by the massive confiscation of bitcoins in connection with significant court proceedings.
The cases of the Silk Road black market in 2013 and the hacking of the Bitfinex platform in 2016 thus represent important sources of supply.
That’s not all ! According to Arkham, the United States continues to actively increase its bitcoin reserves. They collected more than 5000 additional BTC from the beginning of 2023. An impressive storage capacity that speaks volumes about America’s ambitions in the crypto world.
United Kingdom, a major player in cryptocurrency
WITH 61,245 BTC under his leadership (worth $4.5 billion), the UK is the second largest holder of Bitcoin.
British authorities are trying to create a favorable regulatory environment to attract crypto companies to their territory. With this in mind, they seek a balance between fostering innovation and creating a framework to manage inherent risks. THE UK Bitcoin Stocks Depending on this proactive strategy, they could increase further in the future.
Germany, Europe’s heavyweight in Bitcoin cryptocurrencies
The third nation on the list with 49,858 BTC (around 3.5 billion dollars), Germany confirms its status as an economic heavyweight in Europe.
Taking a cautious approach (but definitely open to innovation), the German government intends to regulate the financial and security risks associated with digital assets while supporting the development of the sector. Recent regulatory initiatives reflect this dual ambition. If nothing is filtered on the conditions of acquisition of it current bitcoin walletsome analysts predict its increase in the medium term.
Of course, the international regulation of cryptocurrencies remains at the heart of the debate. But the new data from Arkham highlights the interest of world powers in Bitcoin.
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My name is Ariela and I am 31 years old. I have been working in the field of web development for 7 years. I only discovered trading and cryptocurrencies a few years ago. But it’s the universe that interests me a lot. And the topics covered within the platform allow me to learn more. A singer in my spare time, I also have a great passion for music and reading (and animals!)
DISCLAIMER OF LIABILITY
The comments and opinions expressed in this article are solely those of the author and should not be considered investment advice. Before making any investment decision, do your own research.