Which Countries Are Holding Bitcoin?
1. United States: The US government owns more than 207,189 #BTC, worth over $5 billion. This makes the US government the largest holder of Bitcoin among governments. The US government has acquired Bitcoin through a variety of means, including seizures from criminals and auctions of confiscated coins.
2. El Salvador:Â El Salvador was the first country in the world to adopt #BTC as legal tender. In June 2021, the country's president, Nayib Bukele, announced that $BTC would be accepted as payment for all goods and services.
3. Central African Republic:Â The Central African Republic became the second country in the world to adopt #BTC as legal tender in April 2022.
4. Ukraine:Â The Ukrainian government began accepting cryptocurrency donations in February 2022, shortly after Russia invaded the country. The government has raised over $100 million in cryptocurrency donations to date.
5. Iran: Iran, facing economic sanctions and isolation from the global financial system, has turned to #BTC as a means to circumvent these restrictions.
6. Bulgaria: Bulgaria is another country that has acquired a substantial amount of #BTC. In 2017, the Bulgarian government seized over 200,000 bitcoins during an operation against an organized crime group involved in cybercrime activities
Whether as a hedge against economic instability or as a means to navigate complex geopolitical challenges, Bitcoin's role in the global financial system is undoubtedly a topic that will continue to captivate policymakers and experts worldwide.