This is a very in-depth article.
It will also be a study that will subvert your understanding of Bitcoin.
If you want to survive in this circle for a long time and make a lot of money in the future, please take 10 minutes to calm down and read the following article carefully.
Trump supports Bitcoin and becomes President of the United States.
Bukele supports Bitcoin and becomes president of El Salvador.
Milley supports cryptocurrency and became the president of Argentina.
In future presidential elections in Western countries, votes will definitely be sought around supporting cryptocurrencies. Supporters will most likely be elected, those who embrace cryptocurrencies will win the world, and those who reject cryptocurrencies will fall from grace.
Today we will start from the major countries around the world and see how they support BTC:
The United States — The Birthplace of Bitcoin
Countries with the largest institutional BTC holdings worldwide
The 78-year-old Trump’s successful election as the 60th and 47th president in American history is inseparable from his support for cryptocurrency. Without the support of a strong consortium behind him, he would most likely lose the election.
First, let’s take a look at his support for BTC in his speech before taking the stage:
To sum up Trump's US attitude towards Bitcoin:
As a national strategic reserve currency, its importance is equal to that of gold.
Support cryptocurrencies and remove profit and tax on Bitcoin.
Relax SEC regulation of cryptocurrencies and support development.
Large funds are purchasing BTC, with strategic reserves exceeding 1 million.
As a national strategic reserve currency, its importance is equal to that of gold.
Support cryptocurrencies and remove profit and tax on Bitcoin.
Relax SEC regulation of cryptocurrencies and support development.
Large funds are purchasing BTC, with strategic reserves exceeding 1 million.
The amount of BTC currently held by the US government:
There are tens of thousands of them, and there are still many unknown addresses.
In addition, the number of BTC held by a group of institutions such as BlackRock, Fidelity, and MicroStrategy has exceeded 1.3 million. These are what we can see. There are also holdings of retail investors and large institutions, which we cannot find yet, accounting for at least about 35% of the total BTC that has been mined.
The United Kingdom is the first country in the world to directly transfer the national pension fund to
Take it out and buy BTC directly
This is of great significance at the national level. On the one hand, it is to hedge the risk of depreciation of the national currency, and on the other hand, it sees the importance of Bitcoin in the global monetary system.
A UK pension fund has invested 3% of its assets directly in Bitcoin (not indirectly through ETFs, etc.), which is the first in the country. This decision was made after in-depth discussions with the fund trustees, focusing on ESG factors and security, and the private keys are jointly managed by five independent institutions.
The UK is not the first country to use pension funds to purchase BTC as an asset for appreciation. As early as 2021, a Houston pension fund with over $4 billion in assets purchased $25 million worth of Bitcoin and Ethereum.
In August 2024, the National Pension Service of South Korea purchased 245,000 shares of MicroStrategy in the second quarter.
At the same time, the UK plans to pilot the issuance of digital government bonds based on blockchain within two years. The UK holds 61,000 bitcoins, worth approximately US$5.6 billion. It plans to increase its holdings of more BTC in the future and has also specifically revised laws and regulations in this regard.
China: On the surface, it is firmly cracking down, but secretly observing the development
The village currently holds 190,000 bitcoins, worth about $18 billion. After Hong Kong approved the spot ETF trading of Bitcoin and Ethereum, the village head and secretary’s attitude towards supervision and resistance in this area is not as strong as before.
My personal opinion: “If the U.S. Congress and the (incoming) president clarify cryptocurrency policy, continue to legislate and promote the development of the industry, this will definitely be a driving force for China to accept (cryptocurrency).”
The move by Washington and its Western allies in 2022 to cut off Russia from the Swift financial messaging system was part of a package of sanctions aimed at forcing Moscow to abandon its invasion of Ukraine.
It may take five or six years for the village to accept [cryptocurrency business], but maybe in three years we can trade Bitcoin spot ETFs in A-shares.
Japan — the only government in the world to publicly purchase BTC
Metaplanet purchased another 1.6 billion yen worth of Bitcoin, and they now own more than 50,000 BTC
Democratic Progressive Party: If elected, the cryptocurrency income tax will be reduced to 20%. It should be around 30% now, and the individual crypto tax can be as high as 55%.
The Japanese Government Pension Investment Fund GPIF is one of the world's largest pension funds, managing approximately 225 trillion yen in assets. Not long ago, it publicly announced that it would purchase large amounts of BTC as a strategic reserve to cope with the risks brought about by the global economic crisis and currency depreciation.
El Salvador - the first to support Bitcoin with practical actions
And use BTC as the national legal currency
President of El Salvador: Nayib Bukele
Russia – New legislation allows the use of digital currencies and
Cryptocurrency for international payments
In general, Russia has given great support at the national level. At the same time, a large number of mining machines in our village are still hosted in Russia. After all, it is close to our village. In addition, Russian companies have made many investments in the cryptocurrency track.
There are also many countries such as South Korea, Singapore, Canada, Germany, France, India, etc. that currently have varying degrees of support at the policy level. If readers have more needs to know, I will update the attitudes of these countries in terms of policies and national reserves, which will make it easier for us to understand the global BTC situation.
Finally: My biggest expectation is when BTC trading in our village will be legalized, but I estimate that after the real legalization and compliance of trading, our chances to really make a lot of money will be very few. So we should still cherish the current opportunity! Make money well!
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