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Thursday, July 4, 2024
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HomeAltcoinUncle Sam’s Bitcoin Stash: A Blessing or a Curse for Crypto?
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Uncle Sam’s Bitcoin Stash: A Blessing or a Curse for Crypto?

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 permits monitoring of presidency crypto holdings.

The U.S. authorities’s large $13 billion Bitcoin stockpile has at all times been a supply of intrigue for the crypto group. Now, new knowledge reveals simply how massive that stake is in comparison with its Ethereum holdings, elevating questions in regards to the potential market influence ought to the federal government ever resolve to promote.

This trove of Bitcoin, amounting to 213,546 BTC, dwarfs the federal government’s Ethereum holdings of 53,900 ETH, that are valued at a relatively modest $180 million.

The staggering 72-fold distinction in holdings raises considerations in regards to the potential market influence ought to the federal government ever select to liquidate a portion…

See also  Terraform Labs and founder Do Kwon discovered liable in US civil fraud trial

The submit Uncle Sam’s Bitcoin Stash: A Blessing or a Curse for Crypto? appeared first on Coin Version.

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