Bitcoin Race is enhanced as a reserve leaders
20. Marta, Investor and entrepreneur Anthony said at Fox News, “Global Race in Russia, Abu Dhabi, El Salvador, Bhutan – all these other countries try to buy Bitcoin … in the same way that existed space race.
The idea of Bitcoin “Race” is now reality as world leaders actively discuss the urgency or establishing digital resources or embrace cryptocurstity as a legal tender.
El Salvador is 2021. He became the first country to make Bitcoin Legal Tender, the purchase of over 2,000 bitcoin as part of the national reservation for encouraging financial inclusion and economic growth. The move was also celebrated and criticized for the instability of Bitcoin. Similarly, 2022. year, the Central African Republic became another country to adopt Bitcoin, watching cryptocurstity as a tool for improving economic development and financial involvement in one of the least developed nations in the world.
The shares of both countries reflect increasing interest in Bitcoin as an alternative financial strategy. It is difficult for 21 million, and in 10 years the majority will be mined.
The theory is that the countries considering Bitcoin valuable spare property strive to establish as much ownership of the total BTC power supply.
Proponents believe that scarcity and growing demand will launch a bitcoin value, making large BTC bearers influential.
What does he say say …
One of the most prominent evangelists of Bitcoin, Michael Sailor, said 78% of American dollars bought for $ 40 million at some point. The former general director of the microstrategium was about various land procurement, such as buying Louisiana 1803. To illustrate why the US government should buy Bitcoin now that “Cheap”.
In a recent speechSailor indicated the next decade of “digital gold” and compared Bitcoin to the Manhattan project, changing “digital energy”.
“Today, Bitcoin represents a digital network of capital, control of 99% of power within the Cryptocurrency ecosystem,” he said. “The American government only recognizes Bitcoin as legitimate digital capital and maintaining a global financial domination, America must strategically adopt the Bitcoin – have liquidity and American trust, which are significantly and global confidence needed to serve as reliable reserve funds.”
No wonder Sailor was vocally supported by government officials pushing to increase the US BTC reserves.
President Donald Trump, Republican Saint. Sinthia Lummis and Bo Hines, Executive Director of the President of the Council of Advisor on Digital Property, Everything expressed the desire to increase Bitcoin Reserve.
Like Sailor, swerved (among the strongest advocates with the U.S. Crypt), it considers that the focus of Trump administration at the dominance of Bitcoin is important.
Speaking about the future price of Bitcoin, swamp said During the performance of the fox that does not know when the BTC will hit a million. However, it seemingly convinced that, like gold, its value will increase where it is currently today.
On the last check, Bitcoin is traded just above $ 84,000.
“I think people drastically underestimate how the maniakal will be about buying Bitcoin,” said said. “Everyone thinks it’s sweet that they put in 200,000 Bitcoin here and now we have this reserve – they will still buy Bitcoin.”
Who participates in Bitcoin Race?
In addition to the US, swamped by Russia, El Salvador, Bhutan and United Arab Emirates. Indeed, all these countries, as allegedly have a Bitcoin estate, but not necessarily and all expressly expressed their desire to buy more.
It is not entirely clear how crypto Russia is holding. However, It is known That Russia has large operating operations, while local companies use a cropto for international trade and avoid west sanctions.
Married Memorial to Mention Several Bitcoin Leading Owners, including China, which is the second largest BTC owner after the United States
The United Kingdom and Ukraine are currently following China, accordingly to Bitbo-Bitcoin cashier.
All of these countries have different strategies:
- North Korea is hackers Steal hundreds of millions of dollars worth the value of the CRIPTO from the CRIPTO Exchange.
- UK holds cripto, seized While dismantling the high money wash surgery.
- Ukraine became a notable Bitcoin holder through donations made after intensifying the Russian-Ukrainian conflict in 2022 years.
- Now they intend seize Bitcoin and Cripto property from criminal cases. It is worth noting that many individual countries research Creating a local level reserves.
More than that, some corporations, the most comfortable strategies (pre-microstrate) and property manager, merge among the largest world owners Bitcoin, capable of competing with the leading nations regarding the domination of Bitcoin. Both companies own or manage about 500,000 Bitla (over 2% of the total offer). Since March 2025. year, no country has half of that amount.
Many countries give up
European countries were cautious and innovative in interactions with blocks of solutions. For example, Estonia is one of the pioneering worlds In the adoption of blockages for choices and health management data. However, the EU countries take a conservative position when it comes to the CRIPTO reserves. High volatility and low liquidity are the main reasons for rejecting Bitcoin’s backup.
Similar reasons list Switzerland, South Korea, Japan and other countries that look America’s game to win Bitcoin Music Chairs. Germany went so far away sell Thousands of Bitcoin.
Germany sold all their #Bitcoin at $54,000.
If they had waited, they could have made an extra $990 million.
Losers🤣🫵 pic.twitter.com/2G8iRFhzn9
— Crypto Rover (@rovercrc) November 6, 2024
Cripto.news asked a genius groupA company that uses Bitcoin as a corporate reserve, as time on the market.
“As a fundamental believer in the long-term potential of Bitcoin, we are not trying to find the market, but also buy and stick with the intention of never selling,” the spokesman replied.
Suppose the so-called Bitcoin race exist, because it was swept away. If we compare it with space or project Manhattan, we must be asked: were the countries that did not have spacecraft or atomic weapons in the 20th century. Nothing left?
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2025-03-22 21:51:00
