With the imminent arrival of the new U.S. administration, such talk has become more frequent, and although there is no confirmation of its intentions yet, the market is already practicing a possible similar outcome quite powerfully, with Bitcoin gaining over 136% since the beginning of the year and already flashing a six-figure price figure.
In the midst of all this, Teng decided to ask his audience what other countries could potentially have a strategic reserve in cryptocurrency.
In addition, according to Arkham, we know about another $500 million of various cryptocurrencies in the wallets of the U.S. government. For the most part, all of these assets have been seized as a result of various criminal cases, such as the Silk Road shutdown or the Bitfinex hack in 2016.
However, there are also the examples of Bhutan and El Salvador, which own 11,688 BTC, equivalent to $1.14 billion, and 5,960 BTC, equivalent to $579.25 million, respectively. The savings of these countries came from mining and buying Bitcoin on the market.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
