Approximately 3-4% of the total Bitcoin supply is held by sovereign nations worldwide, with the United States and China being the biggest "hidden whales."
Chen Zhi's 120,000 Bitcoins haven't been included yet. The U.S. government currently holds nearly 450,000 Bitcoins. China doesn't hold many Bitcoins now, but there are still 833,000 ETH (from the 2019 PlusToken confiscation). The U.S. government only has 50,000 ETH. Referring to gold, gold is mainly bought by national central banks, and gold prices are soaring. Any asset involved by the government is a bullish asset.
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Approximately 3-4% of the total Bitcoin supply is held by sovereign nations worldwide, with the United States and China being the biggest "hidden whales."
Chen Zhi's 120,000 Bitcoins haven't been included yet.
The U.S. government currently holds nearly 450,000 Bitcoins.
China doesn't hold many Bitcoins now, but there are still 833,000 ETH (from the 2019 PlusToken confiscation).
The U.S. government only has 50,000 ETH.
Referring to gold, gold is mainly bought by national central banks, and gold prices are soaring.
Any asset involved by the government is a bullish asset.