The global economy and the strong reserves and potential of Bitcoin.

[Bluedrem]

Currently, digitalization has started all over the world due to technology. In view of this, the economy of every country is also becoming digital, and everyone has more or less wanted to use cryptocurrency, especially Bitcoin, as their strategic asset.

The main reason for considering Bitcoin as a strategic asset may be _
▫️Inflation of fiat currency
▫️The current state of world trade
▫️Loss of people's confidence in fiat currency

Now let's see how much Bitcoin a country holds and their economic status -
Since Bitcoin is a decentralized currency, no one can control it and it is not possible to say exactly how many Bitcoins a person holds, so it is very difficult to find out these statistics.
Still, there are some individuals or institutions who have brought their stored Bitcoins to the fore. Below is a statistic about a country and their Bitcoin holdings with this published Bitcoin

United States:
Of all the Bitcoins known to exist so far, the United States is the country with the most Bitcoins.

🔹US Government Bitcoin Holdings:

207,189BTC, [which are mainly confiscated from various criminal activities, such as Silk Road, Bitfinex hack, etc.]


🔹Public Companies Holdings:

▪️MicroStrategy: MicroStrategy's Bitcoin holdings = 582,000 BTC They are holding more Bitcoins every day.
▪️Robinhood Markets: Robinhood Markets holds 136,755 BTC.
▪️Marathon Digital (MARA) Bitcoin Holdings : 49,179 BTC
▪️Riot Platforms Bitcoin Holding : 19,225 BTC
▪️CleanSpark Inc Bitcoin Holdings : 12,502 BTC
▪️Tesla (TSLA) Bitcoin Holdings : 11,509 BTC
▪️Hut8 Corp (HUT) Bitcoin Holding: 10,264BTC
▪️Coinbase (COIN) Bitcoin Holdings : 9,267 BTC
▪️Block Bitcoin Holding: 8,485 BTC
▪️Galaxy Digital Bitcoin Holdings : 8,100 BTC
▪️Gamestop (GME) Bitcoin Holding: 4,710 BTC
▪️Semler Scientific Bitcoin Holding: 3,808 BTC
▪️Fold Holdings Inc. Bitcoin Holdings: 1,490 BTC
▪️Exodus Movement Inc Bitcoin Holdings: 1,300 BTC
▪️Core Scientific Inc. Bitcoin Holdings: 977 BTC
▪️Cipher Mining Bitcoin Holdings : 966 BTC
▪️KULR Technology Group Bitcoin Holdings : 920 BTC
▪️Phunware, Inc. Bitcoin Holdings: 630 BTC
▪️Alliance Resource Partners Bitcoin Holdings : 513 BTC
▪️Bit Digital, Inc. Bitcoin Holdings: 417.6 BTC
▪️Genius Group Bitcoin Holding: 372 BTC
▪️Rumble (RUM) Bitcoin Holding: 188 BTC
▪️LM Funding America Inc. Bitcoin Holdings: 148.7 BTC
▪️FRMO Corp. Bitcoin Holdings: 63 BTC
▪️Cathedra Bitcoin Inc. Bitcoin Holding: 52.5 BTC
▪️OneMedNet Corporation Bitcoin Holding: 34 BTC
▪️Metromile Bitcoin Holdings : 25 BTC
▪️Thumzup Media Bitcoin Holding: 19.1 BTC
▪️Sphere 3D Corp Bitcoin Holding: 14.9 BTC
▪️TeraWulf Inc. Hold Bitcoin Holding: 5 BTC

Total = 863,942.8 BTC


🔹Holdings of private companies:

▪️Block.one Bitcoin Holding: 164,000 BTC
▪️Tether Holdings Ltd: 100,521 BTC
▪️Mt. Gox Bitcoin Holding (Pending): 34,164 BTC
▪️Xapo Bank Bitcoin Holding: 38,931BTC
▪️Twenty One Capital (XXI) Bitcoin Holdings: 37,229.7 BTC
▪️BitMEX Bitcoin Holding: 36,794 BTC
▪️Tezos Foundation Bitcoin Hol6: 17,500BTC
▪️Lazarus Group (North Korean hackers): 13,518 BTC
▪️Stone Ridge Holdings Group: 10,000 BTC
▪️Massachusetts Mutual Bitcoin Holdings: 3,500 BTC
▪️Strike Bitcoin Holdings: 1,500 BTC
[Not all companies here are incorporated in the US, but most have US influence]


Total= 447,657.7 BTC



🔹US Bitcoin ETFs Holdings:

▪️iShares Bitcoin Trust (IBIT): 665,638.1 BTC
▪️Fidelity Wise Origin Bitcoin Fund (FBTC): 198,685.8BTC
▪️Grayscale Bitcoin Trust (GBTC): 185,203.6BTC
▪️CoinShares/XBT (XBTE): 48,466BTC
▪️ARK 21Shares Bitcoin ETF (ARKB): 46,008BTC
▪️Grayscale Bitcoin Mini Trust Bitcoin Holdings: 43,572.8 BTC
▪️Bitwise Bitcoin ETF (BITB): 38,409BTC
▪️VanEck (HODL) Bitcoin ETF Holdings: 15,265.3 BTC
▪️Bitwise 10 Crypto Index Fund Bitcoin Holdings: 10,784 BTC
▪️Grayscale Digital Large Cap Fund Bitcoin Holdings: 5,990.3 BTC
▪️Valkyrie (BRRR) Bitcoin ETF Holdings: 5,839.0 BTC
▪️Invesco Galaxy (BTCO) Bitcoin Holdings: 5,292 BTC
▪️Franklin Templeton (EZBC) Bitcoin Holdings: 5,039.6 BTC
▪️Osprey Bitcoin Trust Bitcoin Holdings: 2,820 BTC
▪️WisdomTree (BTCW) Bitcoin ETF Holdings: 1,547.3 BTC
▪️Hashdex Bitcoin ETF (DEFI) Bitcoin Holdings: 123.8 BTC

Source: Bitbo.io



Total = 1,278,684.6 BTC

There are also many other undisclosed individuals or companies that hold large amounts of Bitcoin in the United States.

🔹China's Bitcoin Holdings: 194,000BTC
🔹 United Kingdom's Bitcoin Holdings: 61,000BTC
🔹 Ukraine's Bitcoin Holdings: 46,351BTC
🔹 Bhutan's Bitcoin Holdings: 13,029BTC
There are also many other countries around the world that are known to have Bitcoin holdings.


Total = 314 380 BTC



There are also many Bitcoin addresses that are believed to be unclaimed. For example –

▪️Satoshi Nakamoto- It is believed that more than 1.1 million Bitcoins were stored in his address.
▪️Unclaimed Bitcoin Wallet :
1. 1LdRcdxfbSnmCYYNdeYpUnztiYzVfBEQeC
2. 12ib7dApVFvg82TXKycWBNpN8kFyiAN1dr
3. 12tkqA9xSoowkzoERHMWNKsTey55YEBqkv
Three addresses have a total of = 113,031 BTC.
▪️Stephan Thomas – 7,002 BTC
Stephan Thomas lost access to 7,002 BTC after mistaking the password on his encrypted USB drive. He only had two password attempts left before the device was permanently locked.

▪️James Howells – 8,000 BTC
James Howells lost 8,000 BTC in 2013, accidentally throwing away a hard drive containing his wallet keys.

▪️QuadrigacX Wallet – 26,350 BTC
Gerald Cotten, CEO of QuadrigacX exchange, unexpectedly passed away. He was the only one who had the key to it. His death resulted in the loss of 26,350 BTC from the exchange.


Total = 1 254 383 BTC


There are also many more Bitcoin addresses that no one seems to have access to.

The economic situation of the countries mentioned above is very good, due to which the amount of Bitcoin they have in their reserves does not seem to require them to use the Bitcoins for the development of the country. Therefore, it can be assumed that their Bitcoins will be preserved for a long time.

Total Bitcoin amount of all the above mentioned countries, companies and addresses that lost access = (1 254 383 + 1 278 684.6 + 207,189 + 863 942.8 + 447 657.7 + 314 380) = 4 159 048.1 BTC
[If the Bitcoin mining of some other countries and some companies had not been ignored here, the amount of Bitcoin would have been higher]

Bitcoin mining completed so far = 19 870 000 BTC
Number of Bitcoins obtained from the above information = 4 159 048.1 BTC

That is, the amount of strong Bitcoin reserves = ( 4 159 048.1 × 100 ) ÷ 19 870 000
≈ 21%[/]

That is, about 21% of the Bitcoins mined so far are strong It is in stock.
[If calculated accurately, the amount will be much higher]


[N.T: There may be some inconsistencies in the above information, if you have any correct information, please help me.]

If you have new information, be sure to share it so that we can update the post regularly.

[ I don't know if the post is appropriate for this thread. I request the admin if it is not appropriate to be placed here, please move the post to its appropriate place. ]

[AVE5]

The main reason for considering Bitcoin as a strategic asset may be _[/b]
▫️Inflation of fiat currency
▫️The current state of world trade
▫️Loss of people's confidence in fiat currency

Not going to be categorically stated, the insightment of bitcoin being considered an asset is it volatility potential and the scalability of it wide range adoption as a bond that ignites it values.
Hence investors are willing to buy and hold in it blockchain, it'll always preserve sustainable values and as such that it's decentralized and maintains it potentials, there it's considered as hedge against inflation but not formally termed to be a strategic asset rather, it's users and hodlers find it as a strategy to store their funds.

[Upgrade00]

Satoshi's bitcoins should not be considered to be unclaimed. There is no indication that the private keys are lost and the wallets can no longer be assessed, we should expect the founder of Bitcoin knows how to safely secure his recovery details. All we can speculate is that satoshi has refused to move any Bitcoin there so as not to significantly influence the market.
We can expect that lots more Bitcoin is held by private individuals all over the world. The inflation of fiat currency and loss of faith in it is a factor, but the biggest one is the deflationary qualities of Bitcoin and its fixed supply.

[justinlamode]

There are also many Bitcoin addresses that are believed to be unclaimed. For example –

▪️Satoshi Nakamoto- It is believed that more than 1.1 million Bitcoins were stored in his address.
▪️Unclaimed Bitcoin Wallet :
1. 1LdRcdxfbSnmCYYNdeYpUnztiYzVfBEQeC
2. 12ib7dApVFvg82TXKycWBNpN8kFyiAN1dr
3. 12tkqA9xSoowkzoERHMWNKsTey55YEBqkv
Three addresses have a total of = 113,031 BTC.

I just checked the first wallet 1LdRcdxfbSnmCYYNdeYpUnztiYzVfBEQeC and noticed that it keeps receiving deposits up to yesterday. Can someone tell me if those are donations or there is something else going on with the wallet. The other wallets also receive similar transactions as well. I'm just being curious since they are wallets of Satoshi, the founder of Bitcoin.

[peter0425]

Currently, digitalization has started all over the world due to technology. In view of this, the economy of every country is also becoming digital, and everyone has more or less wanted to use cryptocurrency, especially Bitcoin, as their strategic asset.

The main reason for considering Bitcoin as a strategic asset may be _
▫️Inflation of fiat currency
▫️The current state of world trade
▫️Loss of people's confidence in fiat currency

And the profitable part of bitcoin, don't forget. Many countries look at bitcoin and see potential profit which is why they think it would be beneficial to hold bitcoin as their strategic reserve. Of course, there is no real confirmation of their intentions but one can assume.

United States:[/b]
Of all the Bitcoins known to exist so far, the United States is the country with the most Bitcoins.

🔹US Government Bitcoin Holdings:

207,189BTC, [which are mainly confiscated from various criminal activities, such as Silk Road, Bitfinex hack, etc.]

This is only what we know of. For all we know, these countries may have been buying bitcoins on their own under different names as to not raise suspicions. They might also be hiding from us the real amount of crypto they have been holding. It has been rumored that UAE has the highest amount.

[r_victory]

What is the benefit of bitcoin as a strategic asset or store of value for the economy in general? For mere mortals like us on a daily basis? I think that the more its value increases, the less its holders will spend it or use it as a form of payment. I'm not saying that this is wrong, because as a form of investment it's great.

But, bitcoin was created to be a digital alternative to traditional money, with the main aim of enabling direct financial transactions between people, without the need for intermediaries such as banks or governments.

A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.

https://www.bitcoin.com/satoshi-archive/whitepaper/#abstract


There's a lot of talk about bitcoin overtaking fiat money as the future of payment methods. But what is its real use now? If it isn't used for the purpose for which it was created, it will end up becoming useless, as it is becoming increasingly concentrated in the hands of a few.

[Webetcoins]

I disagree about this 21% of so far mined bitcoins into stronger holding. Because, I am not ready to keep my belief on all those corporates and governments to treat bitcoin like a gold reserve to keep forever. They may dump at any time to realize the profits.

I guess that we do not need stronger holding but mass adaption. Still right now, these corporates are doing exactly what bitcoin needs. I mean, they spread awareness on bitcoin's potential and over the time bitcoin will reach a state what gold is enjoying now. Yeah, bitcoin is at right direction but we need more patience.

[alani123]

It's not impressive to conflate banks, ETFs, liquidation trusts etc that hold BTC on behalf of people.

Hell, even Microstrategy could see some of its reserves liquidated if it were for BTC's price to be under its target when their bonds expire. Legally speaking they aren't a bank, but essentially it's like they practice fractional reserve on behalf of its bond holders.

I don't think reserves play any significant role here. Compared to gold, much more of the supply is in reserves and also much more of the production gets placed directly in reserves. So I'd say bitcoin hasn't reached the state of being a reserve yet. We're far from it actually and likely will never be there. The fact that bitcoin is so liquid by design means its better as a transactional tool.

[philipma1957]

What is the benefit of bitcoin as a strategic asset or store of value for the economy in general? For mere mortals like us on a daily basis? I think that the more its value increases, the less its holders will spend it or use it as a form of payment. I'm not saying that this is wrong, because as a form of investment it's great.

But, bitcoin was created to be a digital alternative to traditional money, with the main aim of enabling direct financial transactions between people, without the need for intermediaries such as banks or governments.

A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.

https://www.bitcoin.com/satoshi-archive/whitepaper/#abstract


There's a lot of talk about bitcoin overtaking fiat money as the future of payment methods. But what is its real use now? If it isn't used for the purpose for which it was created, it will end up becoming useless, as it is becoming increasingly concentrated in the hands of a few.

I wish i never treated btc as p2p.

if I treated it as buy and hodl I would have 2-3 million dollars vs the 400-500 k I have from btc.

I no longer consider it p2p for money payments.

[Sticky Bomb]

What is the benefit of bitcoin as a strategic asset or store of value for the economy in general? For mere mortals like us on a daily basis? I think that the more its value increases, the less its holders will spend it or use it as a form of payment. I'm not saying that this is wrong, because as a form of investment it's great.

But, bitcoin was created to be a digital alternative to traditional money, with the main aim of enabling direct financial transactions between people, without the need for intermediaries such as banks or governments.

A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.

https://www.bitcoin.com/satoshi-archive/whitepaper/#abstract


There's a lot of talk about bitcoin overtaking fiat money as the future of payment methods. But what is its real use now? If it isn't used for the purpose for which it was created, it will end up becoming useless, as it is becoming increasingly concentrated in the hands of a few.

I wish i never treated btc as p2p.

if I treated it as buy and hodl I would have 2-3 million dollars vs the 400-500 k I have from btc.

I no longer consider it p2p for money payments.

Most persons made mistakes in their earlier dealings with bitcoin because they failed to view bitcoin as the valuable asset it is. It is a good thing you recognised your faults and you have straightened yourself in the right attitude now.

Good things is that bitcoin is still in it's early days and it would still continue to do well on the long run and as long as you remain committed to your ongoing accumulation journey, 2 - 3 million dollars is possible for you still and even more. Take it easy on yourself, you'll get there soon