比特币储备
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🌐Japan seems to be cautious amid the global Bitcoin reserve boom
Bitcoin is rapidly emerging as a key asset on the global geopolitical stage. However, despite the growing global push for Bitcoin, Japan seems to be hesitant to join the trend.
Japanese Prime Minister Shigeru Ishiba recently said that his position on Bitcoin reserves is not very clear due to a lack of international strategic information. The Japanese government also clarified in an official response on December 20 that crypto assets such as Bitcoin do not fall within the legal framework of foreign exchange reserves.
Japan's cautious attitude stems from concerns about security, liquidity and volatility. The Japanese government said that these reserves are mainly intended to stabilize foreign currency-denominated assets and bond markets, and Bitcoin's high volatility runs counter to this goal.
NHK National Guardian Party lawmaker Satoshi Hamada once suggested that Japan follow the example of the United States and convert part of its foreign exchange reserves into crypto assets such as Bitcoin, but the government reiterated that the operation of special accounts for managing foreign exchange reserves prioritizes security and liquidity.
Although the Japanese government itself does not directly hold Bitcoin, the country's Government Pension Investment Fund (GPIF), one of the world's largest retirement savings funds with over $1.5 trillion in assets under management, is also exploring the inclusion of Bitcoin in its portfolio as a way to diversify its investments.
In addition, both the United States and Russia have taken active actions in building Bitcoin reserves. The United States already holds a large amount of Bitcoin reserves, totaling 207,189 BTC, worth about $20 billion, which were mainly obtained through criminal seizures.
Russian lawmakers have also proposed the establishment of a strategic Bitcoin reserve, emphasizing that Bitcoin has the potential to become a stable alternative to traditional high-volatility currencies, which may be more significant for countries facing sanctions pressure.
In short, this is an era full of uncertainty but also full of opportunities. Whether Japan continues to wait and see or joins this global Bitcoin reserve competition deserves widespread public attention.
💬 What do you think of Japan's direction in this global Bitcoin reserve boom? How will Bitcoin's role in the global financial system evolve?
#比特币储备 #日本金融政策 #全球金融趋势
Bitcoin is rapidly emerging as a key asset on the global geopolitical stage. However, despite the growing global push for Bitcoin, Japan seems to be hesitant to join the trend.
Japanese Prime Minister Shigeru Ishiba recently said that his position on Bitcoin reserves is not very clear due to a lack of international strategic information. The Japanese government also clarified in an official response on December 20 that crypto assets such as Bitcoin do not fall within the legal framework of foreign exchange reserves.
Japan's cautious attitude stems from concerns about security, liquidity and volatility. The Japanese government said that these reserves are mainly intended to stabilize foreign currency-denominated assets and bond markets, and Bitcoin's high volatility runs counter to this goal.
NHK National Guardian Party lawmaker Satoshi Hamada once suggested that Japan follow the example of the United States and convert part of its foreign exchange reserves into crypto assets such as Bitcoin, but the government reiterated that the operation of special accounts for managing foreign exchange reserves prioritizes security and liquidity.
Although the Japanese government itself does not directly hold Bitcoin, the country's Government Pension Investment Fund (GPIF), one of the world's largest retirement savings funds with over $1.5 trillion in assets under management, is also exploring the inclusion of Bitcoin in its portfolio as a way to diversify its investments.
In addition, both the United States and Russia have taken active actions in building Bitcoin reserves. The United States already holds a large amount of Bitcoin reserves, totaling 207,189 BTC, worth about $20 billion, which were mainly obtained through criminal seizures.
Russian lawmakers have also proposed the establishment of a strategic Bitcoin reserve, emphasizing that Bitcoin has the potential to become a stable alternative to traditional high-volatility currencies, which may be more significant for countries facing sanctions pressure.
In short, this is an era full of uncertainty but also full of opportunities. Whether Japan continues to wait and see or joins this global Bitcoin reserve competition deserves widespread public attention.
💬 What do you think of Japan's direction in this global Bitcoin reserve boom? How will Bitcoin's role in the global financial system evolve?
#比特币储备 #日本金融政策 #全球金融趋势
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After the recent peak of 108350+ USD, the market has shown a clear downward trend in the first half of the past 7 days, due to the bearish impact of the hawkish statement from 85666806998 and Powell's remarks about 17016085561, dropping to a low of 92232 USD. After testing the low support twice on December 24, it rebounded, reaching a daily high of around 99958 USD. During the 69665387808 period, the US stock and futures markets were closed, likely due to most European and American traders being on holiday, resulting in reduced trading volume and relatively narrowed short-term volatility range. Recently, it has been testing the upper and lower bounds of the previous upward trend line and is also operating around the control point of the 51611130769 main chip distribution map. From the four-hour perspective, after a potential double bottom formation, it is testing the neckline resistance near 99500 USD and has pulled back. If it can break through later, it will favor an upward continuation of the rebound. The upper resistance levels are 100300 USD and 102770 USD, but if it faces pressure, it may retrace to test the lower support near 92520 USD and the previous support area around 90500 USD. Considering the recent inflow of BTC into exchanges and the historically bearish trend after Christmas, precautions can also be taken.
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🌐CryptoQuant CEO: The U.S. Could Reduce Debt by Purchasing 1 Million Bitcoins
Can the U.S. reduce its national debt by hoarding Bitcoin? CryptoQuant's CEO Ki Young Ju recently shared his thoughts on social media. He believes that while politically challenging, it is theoretically feasible.
Ki shared his analysis on social media platform X, stating that over the past 15 years, $790 billion has flowed into Bitcoin, pushing its market cap to $2 trillion. In just this year alone, $352 billion has flowed in, increasing Bitcoin's market cap by $1 trillion.
He also reminded investors that replacing gold or the dollar with a highly volatile asset like Bitcoin could give creditors headaches. After all, Bitcoin's price fluctuates and is not so stable.
However, Ki feels that if the U.S. treats Bitcoin as a strategic asset and completes the plan to buy 1 million Bitcoins by 2050, it could offset 36% of the debt held domestically. This might reduce the U.S.'s reliance on inflationary monetary policy.
Matthew Sigel, the head of digital asset research at VanEck, also joined the discussion, calculating that if the U.S. Treasury accumulates 1 million Bitcoins at a price of $200,000 each over five years, by 2049, the growth of Bitcoin could cover a significant portion of U.S. debt and create new economic buffers for future liabilities.
Although all these analyses are still speculations, they also demonstrate the immense interest in managing national debt with digital assets. Additionally, Bitcoin's decentralization and scarcity are expected to make it an excellent tool for hedging inflation and providing long-term stability for the financial system.
However, to incorporate Bitcoin into national reserves, clear regulatory policies, legal frameworks, and international cooperation need to be established. At the same time, this idea has sparked the public's limitless imagination about Bitcoin's future potential!
💬 Do you think Bitcoin could really be the key for the U.S. to reduce its debt? If Bitcoin were included in national reserves, what profound impacts would it have on the global financial landscape? See you in the comments!
#比特币 #美国债务 #加密货币趋势 #比特币储备 #国家债务
Can the U.S. reduce its national debt by hoarding Bitcoin? CryptoQuant's CEO Ki Young Ju recently shared his thoughts on social media. He believes that while politically challenging, it is theoretically feasible.
Ki shared his analysis on social media platform X, stating that over the past 15 years, $790 billion has flowed into Bitcoin, pushing its market cap to $2 trillion. In just this year alone, $352 billion has flowed in, increasing Bitcoin's market cap by $1 trillion.
He also reminded investors that replacing gold or the dollar with a highly volatile asset like Bitcoin could give creditors headaches. After all, Bitcoin's price fluctuates and is not so stable.
However, Ki feels that if the U.S. treats Bitcoin as a strategic asset and completes the plan to buy 1 million Bitcoins by 2050, it could offset 36% of the debt held domestically. This might reduce the U.S.'s reliance on inflationary monetary policy.
Matthew Sigel, the head of digital asset research at VanEck, also joined the discussion, calculating that if the U.S. Treasury accumulates 1 million Bitcoins at a price of $200,000 each over five years, by 2049, the growth of Bitcoin could cover a significant portion of U.S. debt and create new economic buffers for future liabilities.
Although all these analyses are still speculations, they also demonstrate the immense interest in managing national debt with digital assets. Additionally, Bitcoin's decentralization and scarcity are expected to make it an excellent tool for hedging inflation and providing long-term stability for the financial system.
However, to incorporate Bitcoin into national reserves, clear regulatory policies, legal frameworks, and international cooperation need to be established. At the same time, this idea has sparked the public's limitless imagination about Bitcoin's future potential!
💬 Do you think Bitcoin could really be the key for the U.S. to reduce its debt? If Bitcoin were included in national reserves, what profound impacts would it have on the global financial landscape? See you in the comments!
#比特币 #美国债务 #加密货币趋势 #比特币储备 #国家债务
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Former Football Star Becomes 'Crypto Newcomer'? Trump’s Crypto Committee Welcomes Executive Director!
If a former college football star transformed into the head of the presidential crypto committee, would you think it’s a fantasy? However, this scene has played out in reality! Former U.S. House Republican candidate and football star Bo Hines has been appointed by the soon-to-be-sworn-in U.S. President Trump as the executive director of the Presidential Advisory Committee on Digital Assets (also known as the 'Crypto Committee')!
Hines will work alongside tech entrepreneur and crypto heavyweight David Sacks to create a new regulatory framework for the digital asset industry. Trump confirmed this news on Truth Social on December 22.
Hines will work alongside tech entrepreneur and crypto heavyweight David Sacks to create a new regulatory framework for the digital asset industry. Trump confirmed this news on Truth Social on December 22.
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In yesterday's article, I focused on interpreting the 'hawkish rate cut by the Federal Reserve' and the hawkish stance of #鲍威尔 . #BTC☀ also fell to the short-term support level near $99,200, as I analyzed on Monday and Tuesday. Here is also near the first trendline support, with the next trendline support around $96,800.
At three o'clock this morning, this meeting's #美联储降息 25 basis points met expectations. But importantly, the wording of the meeting statement has been adjusted, reflecting that the FOMC is considering changes in the pace and magnitude of subsequent policy implementations. There was also a divergence in the voting, with some members opposing a rate cut in December. Economic forecasts clearly reflect concerns about inflation risks, and the Federal Reserve's risk balance has evidently shifted back towards inflation. The dot plot only hints at two rate cuts next year, showing an absolute hawkish tendency. Powell is cautious about further rate cuts and expresses a hawkish stance.
After the meeting, the dollar surged, while U.S. stocks, gold, and Bitcoin all fell sharply.
The hawkish statement and stance have weakened expectations for the future path and level of rate cuts, meaning fewer rate cuts and a possibility of maintaining higher interest rates in the future. This is also the core logic behind this round of declines, and Powell's comments about #比特币储备 are merely a small catalyst. The significant drop of the three major stock indices, as evidenced by #美股 , clearly shows that the market's core logic is still a reaction to the strengthening dollar.
At three o'clock this morning, this meeting's #美联储降息 25 basis points met expectations. But importantly, the wording of the meeting statement has been adjusted, reflecting that the FOMC is considering changes in the pace and magnitude of subsequent policy implementations. There was also a divergence in the voting, with some members opposing a rate cut in December. Economic forecasts clearly reflect concerns about inflation risks, and the Federal Reserve's risk balance has evidently shifted back towards inflation. The dot plot only hints at two rate cuts next year, showing an absolute hawkish tendency. Powell is cautious about further rate cuts and expresses a hawkish stance.
After the meeting, the dollar surged, while U.S. stocks, gold, and Bitcoin all fell sharply.
The hawkish statement and stance have weakened expectations for the future path and level of rate cuts, meaning fewer rate cuts and a possibility of maintaining higher interest rates in the future. This is also the core logic behind this round of declines, and Powell's comments about #比特币储备 are merely a small catalyst. The significant drop of the three major stock indices, as evidenced by #美股 , clearly shows that the market's core logic is still a reaction to the strengthening dollar.
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Today’s news highlights: Bitcoin reserves are running low, industry dynamics are in focus, and regulatory policies are being tightened
In the latest chapter of the digital currency market, a series of key dynamics are reshaping the industry landscape. Bitcoin exchange reserves have fallen to a three-year low, indicating potential increased market volatility. At the same time, the modification of Ethereum ETF registration documents, the fermentation of security disputes, and policy-level updates have a profound impact on market trends.
As an observer, this article will sort out and analyze the key information and dynamics of the cryptocurrency circle on June 20. It will deeply explore the influencing factors behind these events and predict how they will shape the future trends and development directions of the market, giving you insight into the latest pulse of the digital currency field.
As an observer, this article will sort out and analyze the key information and dynamics of the cryptocurrency circle on June 20. It will deeply explore the influencing factors behind these events and predict how they will shape the future trends and development directions of the market, giving you insight into the latest pulse of the digital currency field.
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Bullish signal? Data shows that $3 billion in USDT flowed into these crypto exchanges in just three days
USDT’s market capitalization currently exceeds $106.6 billion.
Amid turbulent market conditions, Tether Treasury has been actively minting USDT tokens.
Recently, according to updated data from Lookonchain, Tether Treasury actively minted USDT tokens worth $3 billion in just three days. These tokens were then distributed to the Ethereum and Tron blockchains. This surge in USDT issuance has aroused the market's curiosity about its flow.
Since April 1, approximately $2.55 billion in USDT has flowed into prominent cryptocurrency exchanges including Binance, Bitfinex, Kraken, and Coinbase.
Amid turbulent market conditions, Tether Treasury has been actively minting USDT tokens.
Recently, according to updated data from Lookonchain, Tether Treasury actively minted USDT tokens worth $3 billion in just three days. These tokens were then distributed to the Ethereum and Tron blockchains. This surge in USDT issuance has aroused the market's curiosity about its flow.
Since April 1, approximately $2.55 billion in USDT has flowed into prominent cryptocurrency exchanges including Binance, Bitfinex, Kraken, and Coinbase.
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📢 The Bhutanese government has transferred $66 million worth of Bitcoin to Binance, sparking widespread speculation in the community! 🚨
According to Lookonchain data monitoring, the Bhutanese government has just sold about 929 Bitcoins through the Binance exchange, with a total value of up to $66.16 million. This transaction was divided into two batches: the first batch of 100 Bitcoins and the second batch of 839 Bitcoins. This is the first time since July that Bhutan has transferred Bitcoin to a cryptocurrency exchange.
Why sell Bitcoin? The government has not provided a clear answer yet, but this has already led to widespread speculation within the Bitcoin community. Some believe this could be for liquidation purposes, or to acquire liquidity for upcoming projects.
Since 2019, Bhutan has been utilizing its abundant hydropower resources to mine Bitcoin, converting green energy into Bitcoin. This strategy aligns with the global economic trend of diversifying national reserves.
In this instance of the Bhutanese government selling Bitcoin, some viewpoints suggest that Bhutan may be preparing for market trends or acquiring liquidity for upcoming projects. Therefore, the government may be looking to capitalize on recent market gains.
However, differing opinions indicate that this action by Bhutan may suggest they view Bitcoin as a 5-10 year asset conversion tool, rather than a long-term financial strategy like that of El Salvador. This implies that Bhutan may regret not holding onto Bitcoin for the long term at some point in the future.
It is worth noting that Bhutan currently holds 12,456 Bitcoins, valued at approximately $886 million. In addition, Bhutan also transferred 228.8 ETH to Binance's hot wallet on October 18, valued at about $600,000.
💬 Finally, what are your thoughts on this significant Bitcoin transfer by the Bhutanese government? What strategic intentions do you think might be behind this? Leave your views in the comments section!
#不丹 #比特币储备 #比特币 #加密货币市场动态
According to Lookonchain data monitoring, the Bhutanese government has just sold about 929 Bitcoins through the Binance exchange, with a total value of up to $66.16 million. This transaction was divided into two batches: the first batch of 100 Bitcoins and the second batch of 839 Bitcoins. This is the first time since July that Bhutan has transferred Bitcoin to a cryptocurrency exchange.
Why sell Bitcoin? The government has not provided a clear answer yet, but this has already led to widespread speculation within the Bitcoin community. Some believe this could be for liquidation purposes, or to acquire liquidity for upcoming projects.
Since 2019, Bhutan has been utilizing its abundant hydropower resources to mine Bitcoin, converting green energy into Bitcoin. This strategy aligns with the global economic trend of diversifying national reserves.
In this instance of the Bhutanese government selling Bitcoin, some viewpoints suggest that Bhutan may be preparing for market trends or acquiring liquidity for upcoming projects. Therefore, the government may be looking to capitalize on recent market gains.
However, differing opinions indicate that this action by Bhutan may suggest they view Bitcoin as a 5-10 year asset conversion tool, rather than a long-term financial strategy like that of El Salvador. This implies that Bhutan may regret not holding onto Bitcoin for the long term at some point in the future.
It is worth noting that Bhutan currently holds 12,456 Bitcoins, valued at approximately $886 million. In addition, Bhutan also transferred 228.8 ETH to Binance's hot wallet on October 18, valued at about $600,000.
💬 Finally, what are your thoughts on this significant Bitcoin transfer by the Bhutanese government? What strategic intentions do you think might be behind this? Leave your views in the comments section!
#不丹 #比特币储备 #比特币 #加密货币市场动态
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Political battle!
In the past 48 hours, a wave of support for the "Bitcoin Strategic Reserve Act" has swept in, with a total of more than 2,200 letters sent to the US Senate, strongly calling on senators to work together to give firm support to the new bill proposed by Senator Cynthia Lummis
This action not only demonstrates cross-party consistency, but also the Democratic Party received 1,333 letters, the Republican Party also received 850 letters, and even independents contributed 41 letters, which fully proves that the recognition of Bitcoin and its potential as a strategic asset transcends political boundaries and is gradually gathering into a consensus force that cannot be ignored
#比特币储备
In the past 48 hours, a wave of support for the "Bitcoin Strategic Reserve Act" has swept in, with a total of more than 2,200 letters sent to the US Senate, strongly calling on senators to work together to give firm support to the new bill proposed by Senator Cynthia Lummis
This action not only demonstrates cross-party consistency, but also the Democratic Party received 1,333 letters, the Republican Party also received 850 letters, and even independents contributed 41 letters, which fully proves that the recognition of Bitcoin and its potential as a strategic asset transcends political boundaries and is gradually gathering into a consensus force that cannot be ignored
#比特币储备
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$BTC
Breaking News!
Trump's Bold Statement!
The United States will become the "Cryptocurrency Capital"!
Independent cryptocurrency figure Justin D’anethan stated: "Bitcoin breaking the 100,000 mark is undeniable evidence of the changing tides of finance, technology, and geopolitics!" In this wave, Trump steps forward with a grand ambition—to push the United States towards the throne of the "World Cryptocurrency Capital" and is initiating the establishment of a national Bitcoin reserve!
Investors are privately discussing that the era of strict regulation under SEC Chairman Gensler may be coming to an end.
It is rumored that he will quietly step down after Trump takes office in January next year. Trump has already identified a candidate, Paul Atkins, who is expected to take over as the new head of the SEC, bringing a fresh direction to the cryptocurrency field!
This cryptocurrency revolution is quietly rewriting the global financial landscape with Trump's ambition!
Follow me for daily updates on the latest quality market information, guiding you to wealth without losing your way!
#BTC新高10W
#特朗普 #比特币储备 #BTC☀ #热门话题
Breaking News!
Trump's Bold Statement!
The United States will become the "Cryptocurrency Capital"!
Independent cryptocurrency figure Justin D’anethan stated: "Bitcoin breaking the 100,000 mark is undeniable evidence of the changing tides of finance, technology, and geopolitics!" In this wave, Trump steps forward with a grand ambition—to push the United States towards the throne of the "World Cryptocurrency Capital" and is initiating the establishment of a national Bitcoin reserve!
Investors are privately discussing that the era of strict regulation under SEC Chairman Gensler may be coming to an end.
It is rumored that he will quietly step down after Trump takes office in January next year. Trump has already identified a candidate, Paul Atkins, who is expected to take over as the new head of the SEC, bringing a fresh direction to the cryptocurrency field!
This cryptocurrency revolution is quietly rewriting the global financial landscape with Trump's ambition!
Follow me for daily updates on the latest quality market information, guiding you to wealth without losing your way!
#BTC新高10W
#特朗普 #比特币储备 #BTC☀ #热门话题
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🌐 Japanese Congressman Satoshi Hamada Proposes to Include Bitcoin in National Foreign Exchange Reserves
Japanese Congressman Satoshi Hamada proposed on December 11 in the parliamentary session that Japan should consider including Bitcoin in its national foreign exchange reserves to respond to the growing global interest in cryptocurrencies.
Hamada pointed out that in the context of increasing global interest in cryptocurrencies, policymakers in the United States and Brazil have begun to view Bitcoin as a tool for hedging economic risks. Therefore, Japan should also keep up with the trend and consider exchanging a portion of its foreign exchange reserves for cryptocurrencies like Bitcoin.
At the time of this proposal, Japan is facing numerous economic challenges. Japan's economic scale has fallen behind Germany, making it the fourth-largest economy in the world. In this regard, some supporters believe that adopting Bitcoin reserves could not only enhance Japan's financial flexibility but also showcase leadership in the global digital asset space.
This initiative also reflects the trend of Bitcoin's development in the international financial arena. For instance, after the election of a government supportive of Bitcoin in the U.S., relevant discussions were immediately initiated; Brazil has also proposed corresponding policy proposals; additionally, Russian lawmakers have suggested using Bitcoin for strategic purposes in government reserves.
Although the Japanese government has not yet responded to Hamada's proposal to include Bitcoin in foreign exchange reserves, his remarks highlight the trend of global political leaders gradually recognizing the important role of cryptocurrencies in their national economic strategic development.
In summary, as Bitcoin's price soars above $100,000, it provides stronger justification for countries worldwide to incorporate Bitcoin into their national financial strategic planning.
🗣️ Conclusion:
In conclusion, including Bitcoin in foreign exchange reserves could not only enhance Japan's resilience to economic fluctuations but also be a key step in maintaining its competitiveness in the global financial arena.
If this proposal is realized, it could serve as a catalyst for other countries to consider cryptocurrencies as reserve assets and signify the increasing acceptance and dependence of the global financial system on digital currencies.
💬 Do you think Japan will become the next major Bitcoin reserve country and turn around its backward situation? Leave your comments to discuss!
Japanese Congressman Satoshi Hamada proposed on December 11 in the parliamentary session that Japan should consider including Bitcoin in its national foreign exchange reserves to respond to the growing global interest in cryptocurrencies.
Hamada pointed out that in the context of increasing global interest in cryptocurrencies, policymakers in the United States and Brazil have begun to view Bitcoin as a tool for hedging economic risks. Therefore, Japan should also keep up with the trend and consider exchanging a portion of its foreign exchange reserves for cryptocurrencies like Bitcoin.
At the time of this proposal, Japan is facing numerous economic challenges. Japan's economic scale has fallen behind Germany, making it the fourth-largest economy in the world. In this regard, some supporters believe that adopting Bitcoin reserves could not only enhance Japan's financial flexibility but also showcase leadership in the global digital asset space.
This initiative also reflects the trend of Bitcoin's development in the international financial arena. For instance, after the election of a government supportive of Bitcoin in the U.S., relevant discussions were immediately initiated; Brazil has also proposed corresponding policy proposals; additionally, Russian lawmakers have suggested using Bitcoin for strategic purposes in government reserves.
Although the Japanese government has not yet responded to Hamada's proposal to include Bitcoin in foreign exchange reserves, his remarks highlight the trend of global political leaders gradually recognizing the important role of cryptocurrencies in their national economic strategic development.
In summary, as Bitcoin's price soars above $100,000, it provides stronger justification for countries worldwide to incorporate Bitcoin into their national financial strategic planning.
🗣️ Conclusion:
In conclusion, including Bitcoin in foreign exchange reserves could not only enhance Japan's resilience to economic fluctuations but also be a key step in maintaining its competitiveness in the global financial arena.
If this proposal is realized, it could serve as a catalyst for other countries to consider cryptocurrencies as reserve assets and signify the increasing acceptance and dependence of the global financial system on digital currencies.
💬 Do you think Japan will become the next major Bitcoin reserve country and turn around its backward situation? Leave your comments to discuss!
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🏭 With more reserves than El Salvador, this country has quietly become a major Bitcoin holder!
Recently, a country has quietly done something big in the cryptocurrency field and has become an important player in the cryptocurrency field!
According to the latest data from Arkham Intelligence, Bhutan currently holds more than 13,036 BTC, worth about $785 million. Now, Bhutan, a country at the foot of the Himalayas, holds more Bitcoin than El Salvador.
Moreover, Bhutan's Bitcoin reserves come entirely from its own mining operations, which is very different from countries such as El Salvador, the United States, and Germany that often increase their Bitcoin reserves through purchases or judicial seizures.
It is reported that Bhutan's Bitcoin mining business is managed by Druk Holdings, and its main mine is located on the original site of an abandoned educational city. This information has been confirmed by Arkham satellite images.
Moreover, Bhutan's investment in Bitcoin mining is extremely large, accounting for about one-third of its gross domestic product (GDP), or about $3 billion, which further shows that the country regards Bitcoin as an important tool to enhance economic stability and growth.
Bhutan currently ranks fourth among countries in the world in terms of government Bitcoin reserves, surpassing El Salvador, which has attracted much attention for adopting Bitcoin as legal tender.
El Salvador currently holds 5,877 Bitcoins, worth approximately $354 million. The “1 Bitcoin a Day” plan promoted by the President of El Salvador has been steadily increasing its Bitcoin reserves!
Finally, as Bhutan continues to steadily increase its Bitcoin reserves, it remains to be seen whether it will follow El Salvador’s lead and adopt Bitcoin as legal tender.
🗣 Conclusion:
Bhutan’s series of significant moves in the field of Bitcoin not only highlights the country’s forward-looking thinking on cryptocurrencies, but also reflects its strategic intention to use digital assets to promote economic growth.
This action may not only reshape the global cryptocurrency market landscape, but also reflects Bhutan’s commitment to sustainable development. Whether it will legalize Bitcoin will also become the next focus of the market.
💬 Do you think Bhutan will become a role model for other countries in the field of cryptocurrency? Share your insights in the comments section!
#不丹 #比特币 #加密货币趋势 #经济创新 #比特币储备
Recently, a country has quietly done something big in the cryptocurrency field and has become an important player in the cryptocurrency field!
According to the latest data from Arkham Intelligence, Bhutan currently holds more than 13,036 BTC, worth about $785 million. Now, Bhutan, a country at the foot of the Himalayas, holds more Bitcoin than El Salvador.
Moreover, Bhutan's Bitcoin reserves come entirely from its own mining operations, which is very different from countries such as El Salvador, the United States, and Germany that often increase their Bitcoin reserves through purchases or judicial seizures.
It is reported that Bhutan's Bitcoin mining business is managed by Druk Holdings, and its main mine is located on the original site of an abandoned educational city. This information has been confirmed by Arkham satellite images.
Moreover, Bhutan's investment in Bitcoin mining is extremely large, accounting for about one-third of its gross domestic product (GDP), or about $3 billion, which further shows that the country regards Bitcoin as an important tool to enhance economic stability and growth.
Bhutan currently ranks fourth among countries in the world in terms of government Bitcoin reserves, surpassing El Salvador, which has attracted much attention for adopting Bitcoin as legal tender.
El Salvador currently holds 5,877 Bitcoins, worth approximately $354 million. The “1 Bitcoin a Day” plan promoted by the President of El Salvador has been steadily increasing its Bitcoin reserves!
Finally, as Bhutan continues to steadily increase its Bitcoin reserves, it remains to be seen whether it will follow El Salvador’s lead and adopt Bitcoin as legal tender.
🗣 Conclusion:
Bhutan’s series of significant moves in the field of Bitcoin not only highlights the country’s forward-looking thinking on cryptocurrencies, but also reflects its strategic intention to use digital assets to promote economic growth.
This action may not only reshape the global cryptocurrency market landscape, but also reflects Bhutan’s commitment to sustainable development. Whether it will legalize Bitcoin will also become the next focus of the market.
💬 Do you think Bhutan will become a role model for other countries in the field of cryptocurrency? Share your insights in the comments section!
#不丹 #比特币 #加密货币趋势 #经济创新 #比特币储备