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Author Topic: [LIST] Countries that own bitcoin  (Read 542 times)
Coin-1
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October 20, 2021, 06:57:27 AM
 #61

also, i don't think some of these countries who already owned bitcoin will disclose their holdings to the public. i believe, we have more than El Salvador who is buying btc for their stash. and this is the reason why the OP has only El Salvador in his list so far. do you think these countries will publicly announce their crypto holdings? right now, i don't think so.
Right now, it's not possible for many countries to announce about this but as we have few countries openly announces and doing some soft policies about bitcoin and crypto hopefully in near future we will have some good news about this and many countries openly able to have bitcoin in reserve like Gold.

I'm almost sure the governments of different countries have a lot of bitcoins in reserve. I mean, central banks have private keys of many addresses filled with BTC coins to overflowing.

Law enforcement representatives are obliged to publish only the amount of coins seized from criminals. Typically, this number is not huge, so my guess is that governments additionally buy BTC coins on cryptocurrency exchanges or OTC markets using the accounts of individuals they trust.

To be honest, I doubt governments will ever openly disclose the true amount of coins they own due to the pseudo-anonymous nature of Bitcoin. I envision that these funds will be treated as an emergency reserve that can be spend to securely transfer funds during hard times.



@OP, This is a good initiative to build a list of countries that own Bitcoin. Perhaps not only El Salvador will soon announce its investment in cryptocurrencies.
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October 20, 2021, 10:41:09 AM
 #62

I tried opening the source but as we have in my country now, Twitter has been banned which made me not have access to the information but for me, I will add the United States to the list of the countries that own Bitcoin.

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October 21, 2021, 07:15:10 PM
 #63

The list will grow to a super high level eventually, but it will not be overnight, it will not be like suddenly we will have 10 nations. Let's wait and see how it is reflected on El Salvador, I wonder how that will happen. I get that it is good right now, we have seen the increase from 40k something's when they first bought versus 60k+ right now and "nearly" broke ATH price (might even broken it by the time you read this) and that's why I believe that we are getting good returns for El Salvador citizens right now.

However, it needs to be a lot more for other nations to do the same. Micheal Saylor actually had this kind of advice to Turkey I believe, can't remember the nation, which was like "buy 5 billion dollars worth bitcoin now and put it in your treasury, it will be 50 billion dollars worth in under 10 years" or something like that, which is a great advice for every nation.

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October 26, 2021, 05:19:20 PM
 #64

We have to think that basically governments can't control it, so they will certainly be reluctant to follow the path that El Salvador has taken, in the last few weeks several government officials from other countries Others have openly criticized El Salvador's decision. So the adoption of bitcoin by El salvador has increased demand for the cryptocurrency under this new law, bitcoin will now be legal tender in all transactions. finance and this makes El Salvador one of the leading countries in bitcoin ownership and the spread of bitcoin is quite strong.

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October 26, 2021, 05:35:55 PM
 #65

I am eagerly awaiting for the second entry by OP into the list.

I believe some country must be accumulating as much as bitcoins they prefer but the only thing is they need to declare it. We can expect such declarations in very near future as accumulating bitcoins does not need to be having plans to be used as a legal tender. But, might have plans to be having as part of their central banks' reserve along with gold.

Yeah in my opinion, bitcoin is going to achieve such kind of milestone any time soon which must be a greater thing to have for all the bitcoiners for sure.

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