It seems that they don't want to spoil the crypto market. Compared to companies that own BTC, these goverments have more.
Take a look at the table. Where is the country that companies hold most BTC? The answer is also USA.
The situation of ETFs that own BTC is similar as well. Grayscale based on USA has more than 600k BTC. It's around 3 trillion dollars. Now, we recognized that which either companies or the government in the USA have more than 1m BTC. Time goes by, the USA will try to retain a leader for the crypto industry.
The figure, I mean the amount of Bitcoin, that these two larger countries own is very impressive. I think it is beneficial for these countries to inflate the price of this cryptocurrency and do all sorts of financial transactions, since it is more convenient and safer than doing it through large banks. In a word, Bitcoin will live and be tightly integrated into our modern life. Thank you very much for your informative and relevant post. Good luck and have a great day.
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Upvoted! Thank you for supporting witness @jswit.
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Great post
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The governments,(especially the US) are going kicking and screaming telling everyone how bad bitcoin and crypto are……. And they keep HODLING!!!😇
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