đ Analyzing the US Governmentâs Bitcoin Holdings: What You Need to Know
đĄ The U.S. government holds over 1% of the BTC supply, worth $13.16 billion, acquired through enforcement actions against illegal activities like the Silk Road darknet market and Bitfinex hack.
đ Its substantial holdings, tripled since 2021, could significantly impact market dynamics depending on if and how this Bitcoin is liquidated or auctioned off. While providing legitimacy for institutional investors, the concentration challenges Bitcoinâs decentralization narrative.
âčïž Analysts warn the governmentâs ability to influence prices through its sizable stake poses risks to market perception. Monitoring these holdings is crucial for anticipating potential shifts.