The only place where I have seen related news is this forum and we are still yet to confirm the genuineness of the news, though I learnt that Russia bought about $1.8 million dollars worth of coin for themselves due to some crisis that they will soon experience because the American economy too is about into recession.
This is the time were a lot of countries will begin to go into recession thereby causing inflation in the country and all this countries will begin to look for alternative to grow their country again, and bitcoin will be the only hope they would have to do that, we have started seeing it already.
I read this in someone’s comment too but was just a wishful thinking or will I say a proposal, I am not sure any of these action has yet been taking and most government including Russia is yet to adopt crypto, and if they had even done so, what will a whole government be doing with such small amount of investment.
What pushed the market capital up recently was almost a total of $20 billion, if it was because of this amount, then we have many investors that are in the market that are more than capable to buy 450 bitcoin, because that is exactly what the money you quoted can buy, the recent quote I even got of an investors buying up to 20,000 btc at once is not even enough to experience such spike we saw, talk less of just 450 BTC. This will surely happen in the future because every nation will eventually adopt crypto.
