[LIST] Countries that own bitcoin

[nullama]

I think Norway has put some in all of its people's pension funds.

The last thing I read about it was a claim they owned Bitcoin because they owned shares in MicroStrategy:

source: https://cryptoslate.com/heres-how-the-norwegian-government-now-indirectly-holds-over-570-bitcoin/

But I don't think it counts as they don't really hold Bitcoins.

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[bitzizzix]

If there are several countries that have bitcoins and for whatever reason those countries have bitcoins, it looks like there are a lot of countries that have bitcoins but no one can accurately confirm that they still have them or not, and if that is the OP's goal, they definitely fill them.

and the question, which is on the OP's list is only one country namely El Salvador, which is clearly that country has officially legalized bitcoin and has become their currency and everyone knows it even the whole world.
and I mean if another country followed in the footsteps of El Salvador listed on the OP I think it would take a very long time to fill it up and also announce the amount of bitcoin it has, citing buying and legalizing it for his country.

[zanezane]

In the context of the current drama, I've stumbled over a list that tells that:

* China owns 194,775BTC
* US owns 70,124.95BTC
* Ontario owns 281.41BTC

Source: https://www.kevinrooke.com/bitcoin (coming from https://twitter.com/fillippone1/status/1441702903207579650)

Why is it Ontario and not Canada though? Aren't Ontario part of Canada? Given how big the bitcoin China has, they're definitely up to something banning cryptocurrency transactions and expecting the prices to dip, they're trying to manipulate the market in a blatant way.

[NeuroticFish]

Why is it Ontario and not Canada though? Aren't Ontario part of Canada?

I don't know. It may be some way the finances are split between regions, but I really don't know. It was like that in the source list.

Given how big the bitcoin China has, they're definitely up to something banning cryptocurrency transactions and expecting the prices to dip, they're trying to manipulate the market in a blatant way.

As written in another post that money (or a big chunk of it) may have been already sold, since 2020.
If the Chinese government or party would own Bitcoin for earning, I think that they would publish more good and bad news for manipulating the market.
Their current direction seems to be to simply smoother the way for their own CBDC (central bank digital currency) called eCNY.

[fullhdpixel]

I think Norway has put some in all of its people's pension funds.

https://www.forbes.com/sites/billybambrough/2020/09/24/norways-1-trillion-oil-fund-blackrock-and-vanguard-now-indirectly-hold-100-million-in-bitcoin/

It is not exactly that Norway bought bitcoin and put it on pension funds. They have an oil fund which comes from all the Oil income they have, unlike some other countries they do not spend it on silly stuff because politicians there are actually smart people and decent people (well could be bad compared to their countrymen if you dislike them as a Norwegian but certainly better than American ones or some other nations politicians).

So, instead of spending that money on useless stuff, they are managing it to make it bigger, and the managers of that fund also own money on mictostrategy which means that indirectly Norwegian Oil does own some bitcoins from that investment.

[ndgo]

I really appreciate that when Bulgaria seized the bitcoin that they chose to hold it during the ongoing criminal investigation. As if the entire bitcoin ledger isn't publicly available.

[LUCKMCFLY]

Perhaps now after El Salvador, Latin American countries will follow him, in fact Paraguay, Mexico, Panama and even Venezuela are studying adopting it. I think the reason why they manage to adopt it is because their economies tend to be more unstable than in the US and Europe.

Among these are other Central and South American countries such as Brazil, Argentina and Nicaragua, all of which have either voiced support for El Salvador’s adoption of Bitcoin or have politicians and populations that are broadly supportive of cryptocurrency technology.

Source: https://www.proactiveinvestors.co.uk/companies/news/952102/bitcoin-adoption-which-countries-could-follow-el-salvador-952102.html

I think that one of the countries in Europe that can adopt BTC the fastest can be France and Spain, of course I imagine that they will put some regulations to do so.

[Lucius]

Perhaps now after El Salvador, Latin American countries will follow him, in fact Paraguay, Mexico, Panama and even Venezuela are studying adopting it. I think the reason why they manage to adopt it is because their economies tend to be more unstable than in the US and Europe.

One very important difference between El Salvador and all the other countries of Central and South America should be emphasized, and that is the political leadership that in El Salvador was fully in agreement on legalizing Bitcoin as a legal tender, as opposed to all other countries where we talk about a few politicians who do not have the power to do something concrete. Also a very important fact, El Salvador has not had its national currency for 20 years, all other countries have (except Panama and Ecuador - US dollar).

I think that one of the countries in Europe that can adopt BTC the fastest can be France and Spain, of course I imagine that they will put some regulations to do so.

As a legal tender? Well, both countries you mention are part of the European Union and the Eurozone, and they can't just declare Bitcoin as a legal tender without deciding on it at the highest instances of the EU. Besides, if you had read the article to the end, you would have seen that Malta is mentioned as a candidate - but with a very clear observation.

Meanwhile, away from the Americas, the European island nation of Malta is also considered a candidate due to its booming tech sector, although any moves to adopt Bitcoin could potentially draw ire from its fellow EU member states and the Brussels establishment.

[Kong Hey Pakboy]

~snip~

What you think and what is a fact is completely different things. No country (except El Salvador) has publicly announced that it has bought Bitcoin, and those who may have done so (secretly) have an interest in keeping it a secret. Imagine what would happen if some of the powerful countries of the world announced such news, the price of BTC would skyrocket - which is not good for further investment, nor for the security of that investment. In addition, each country would give full legitimacy to Bitcoin with such public recognition, and each sovereign state protects its national currency in the first place.

The world is not an open book where you can know everything you want, you only know what you are allowed to know.

But wasn't there a list back then about who is owning the most bitcoin and I saw China in there so that can only mean that they're also a country that has bitcoin in their possession plus if we know the amount, that can only mean that it's a public knowledge thus it's acknowledged.

[Lucius]

But wasn't there a list back then about who is owning the most bitcoin and I saw China in there so that can only mean that they're also a country that has bitcoin in their possession plus if we know the amount, that can only mean that it's a public knowledge thus it's acknowledged.

You, like many others, do not read other people's posts or read them, but for some reason, you do not understand what is written in them. It is sad that I have to repeat things over and over again and still have someone claim that Bulgaria or China own Bitcoin. Please start reading with understanding, if some country seized BTC and sold it, then it has nothing to do with what El Salvador did.

This is a post in this thread, are some things clearer to you now?

https://bitcointalk.org/index.php?topic=5360967.msg58022075#msg58022075

[verita1]

From my point of view, El Salvador has been transparent in pointing out its holding of bitcoin. Which means that within Bukele's mandate, the nation's bitcoin should be well managed. Now, what will happen to the bitcoin of El Salvador? when Bukele leaves power. The next president should continue the good management, he would have to do an exceptional job and not lose the great effort that the Bukele presidency has achieved.

[Rufsilf]

I remember that Bulgaria seized a large amount ^213,519 of Bitcoin from criminals. It is official, I guess they still hold it.

Bulgarian Government Has Stated That It Owns Some 213,519 Bitcoins – Valued At Approximately 18% Of Its National Debt – That Have Been Seized From A Criminal Network.

source: https://www.coininsider.com/bulgarian-government-owns-3-billion-usd-bitcoin/

Yes it's true that the Bulgarian Governemnt seized a large amount of bitcoins from criminals but I don't think that they're still holding that amount up to now because if I'm not mistaken they already sold it on the auction few years ago.
While El Salvador is the first country to make bitcoin a legal tender officialy, still there's a long path to maintain that statement because their president isn't gonna be long on the throne. Also, there are some countries who already owns bitcoin like China, USA and Russia but they didn't state it publicly because they can't afford that the people will know where that funds goes to.

[henmark]

What about countries that seized bitcoins from people, should we also count them as countries that owns bitcoins? Just asking this because I know of a few countries that are hoarding bitcoins they seized in one or the other. Although the case of El Salvador may be something different because their government actually invested money in bitcoin, and not by confiscating it. Other countries that possibly might be holding bitcoin by now are United States, North Korea, Bulgaria, and Sweden. These countries were once in possession of bitcoin, but I can’t tell if they are still holding these coins or not.

[GbitG]

What about countries that seized bitcoins from people, should we also count them as countries that owns bitcoins? Just asking this because I know of a few countries that are hoarding bitcoins they seized in one or the other. Although the case of El Salvador may be something different because their government actually invested money in bitcoin, and not by confiscating it. Other countries that possibly might be holding bitcoin by now are United States, North Korea, Bulgaria, and Sweden. These countries were once in possession of bitcoin, but I can’t tell if they are still holding these coins or not.

Now this list is going very long even too many countries officially not accepting and in few countries having ban but their officials holding some good number of bitcoins because they understand all about this and saving their money with this way but still bringing some policies which are not good for their peoples as they also want to use bitcoin.

Recently we have some good views about this from developing countries, hopefully they will also jump into this with some better and positive policies they need to have this in reserve as well because this is also can work for them as they are having with Gold.

[The Sceptical Chymist]

I may be very wrong but I believe Bulgaria and Ukraine own Bitcoin as well, seized Bitcoins to be specific.  The United States may also own some seized Bitcoins although I believe they auctioned all or most of it long time ago.

Yeah, the Silk Road stash--and who knows how much bitcoin they've seized from other criminal cases that haven't been front page news?  Law enforcement seizes money all the time from drug dealers, and if I had to guess I'd say it's likely that various LE agencies in the US have control of crypto wallets they've acquired from illegal activities.

But that's much different than what OP is talking about.  El Salvador actually invested in bitcoin (or at least bought it for a specific purpose, which I think was to fund ATMs in part), and they were the first country to do something like that as far as I know. 

You, like many others, do not read other people's posts or read them, but for some reason, you do not understand what is written in them. It is sad that I have to repeat things over and over again and still have someone claim that Bulgaria or China own Bitcoin. Please start reading with understanding, if some country seized BTC and sold it, then it has nothing to do with what El Salvador did.

I'm rolling my eyes at that post as well, and I apologize for repeating what you wrote about El Salvador's situation being different than bitcoin seizure.  Just put that idiot on ignore, because he has a habit of writing incoherent nonsense.

It'd be really cool if countries started buying up bitcoin, but I wouldn't really want my government spending taxpayer dollars on a significant amount of it unless they had a very good reason for doing so--and my opinion is based solely on bitcoin's volatility.  MicroStrategy might be iconoclastic by snapping up btc for its treasury, but they're taking a huge risk that could backfire.  None of us want it to, but if you've been into bitcoin for a few years, you know the price swings and prolonged bear markets can be morale-crushing to some.  If it were to seriously tank, that would be a massive hit to MSTR's balance sheet, and if we're talking about a government, they'd be losing their taxpayer's money (though even 700BTC is a fairly small amount relative to a decent-sized country's economy).

[mamahdedeh]

What about countries that seized bitcoins from people, should we also count them as countries that owns bitcoins? Just asking this because I know of a few countries that are hoarding bitcoins they seized in one or the other. Although the case of El Salvador may be something different because their government actually invested money in bitcoin, and not by confiscating it. Other countries that possibly might be holding bitcoin by now are United States, North Korea, Bulgaria, and Sweden. These countries were once in possession of bitcoin, but I can’t tell if they are still holding these coins or not.

countries that have not legalized bitcoin I don't think they will publicly announce that they hold bitcoin, because it will have a wide impact on their people. this is different from elsalvador which has officially legalized it so there is no problem if the state treasury is announced in the form of bitcoin

[Zanab247]

I guess Russian and USA  should be in the list among the countries that own bitcoin because those two countries has raised many bitcoin professional investors in the community. They are good in investing on long term and short term investment over some years now which they have achieved so much from bitcoin investment than any other countries in the world. Government make bitcoin legalized in the country that is giving their citizens to have free access to bitcoin investment in the community, to use it positively in all their businesses in the country. Many of their investors are still buying bitcoin to hold for future profit making based on what some researchers has said about massive pumping of bitcoin that is  about to start before the end of this year 2021.

[jaberwock]

I guess Russian and USA  should be in the list among the countries that own bitcoin because those two countries has raised many bitcoin professional investors in the community. They are good in investing on long term and short term investment over some years now which they have achieved so much from bitcoin investment than any other countries in the world. Government make bitcoin legalized in the country that is giving their citizens to have free access to bitcoin investment in the community, to use it positively in all their businesses in the country. Many of their investors are still buying bitcoin to hold for future profit making based on what some researchers has said about massive pumping of bitcoin that is  about to start before the end of this year 2021.

It is not about the people who are in the nations that are making bitcoin investments, it is about the government itself buying bitcoin because that is the important part. Right now, there are some north European countries that have some stocks in some companies that have crypto investments, but that is about it honestly right now. The reality is that we only have El Salvador as the "government buys bitcoin" and nothing else has happened like that.

I believe it will happen in the future but right now it has not happened. The super wealthy people that end up investing into crypto doesn't matter since that would be nearly every single nation, we have those type of people from every nation.

[AmoreJaz]

I guess Russian and USA  should be in the list among the countries that own bitcoin because those two countries has raised many bitcoin professional investors in the community. They are good in investing on long term and short term investment over some years now which they have achieved so much from bitcoin investment than any other countries in the world. Government make bitcoin legalized in the country that is giving their citizens to have free access to bitcoin investment in the community, to use it positively in all their businesses in the country. Many of their investors are still buying bitcoin to hold for future profit making based on what some researchers has said about massive pumping of bitcoin that is  about to start before the end of this year 2021.

It is not about the people who are in the nations that are making bitcoin investments, it is about the government itself buying bitcoin because that is the important part. Right now, there are some north European countries that have some stocks in some companies that have crypto investments, but that is about it honestly right now. The reality is that we only have El Salvador as the "government buys bitcoin" and nothing else has happened like that.

I believe it will happen in the future but right now it has not happened. The super wealthy people that end up investing into crypto doesn't matter since that would be nearly every single nation, we have those type of people from every nation.

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.

[wiss19]

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.

Future is bright and good for this as now mass adoption is doing very good and many big technology related companies and countries are had better ideas few months back I read few eastern European countries also having bitcoin in their reserves, but they also never disclose openly about this but hopefully this all will happen.