The recent sale of Bitcoin by the US government has caused BTC prices to fall, but there are still many reasons to believe in the bright future of $BTC.
US Government and Bitcoin
According to Odaily, Jameson Lopp said the US government has confiscated and sold at least 195,091 Bitcoin since 2014, earning more than 366 million USD. Currently, the US government holds 213,546 Bitcoins, worth more than $13 billion, making the US one of the largest Bitcoin holding countries in the world. This shows the government's confidence and long-term investment in Bitcoin.
Participation of other countries
Not only the US, the German government also holds 46,359 Bitcoins, ranking fourth in the world after China and the UK. The participation of many large countries confirms that Bitcoin is being recognized as a legal and potential asset.
The future of Bitcoin
Bitcoin's scarcity, with its supply limited to 21 million units, coupled with the development of blockchain technology, ensures that Bitcoin will continue to be a valuable asset. The participation of large countries in this market enhances legitimacy and transparency, creating a solid foundation for sustainable development.
Conclude
Despite short-term volatility, the participation of major governments in the Bitcoin market is a hopeful sign, confirming the great potential of this asset class. Keep the faith and continue to monitor Bitcoin's future developments.
