*đŁFour Countries May Crash Bitcoin Price in September*
The governments of the US, China, the UK, and Ukraine might start selling their Bitcoin reserves in September, potentially pushing the price down to $53,000.
The Bitcoin holdings of these countries are estimated at:
âą USA: 203,220 BTC
âą China: 190,000 BTC
âą UK: 61,200 BTC
âą Ukraine: 46,350 $BTC
Additionally, MtGox creditors could become another source of selling pressure.
Fears of sell orders, combined with low market liquidity, could drive further volatility in Bitcoinâs price.
#Bitcoin has already dropped by 8% since early August, despite a net inflow of funds into spot Bitcoin ETFs, while global stock and bond indices have risen by 2%.
