The post Uncle Sam’s Bitcoin Stash: A Blessing or a Curse for Crypto? appeared on BitcoinEthereumNews.com.

The U.S. holds $13 billion in BTC, dwarfing its $180 million in ETH. Potential Bitcoin sell-offs spark fears of volatility. Blockchain transparency allows tracking of government crypto holdings. The U.S. government’s massive $13 billion Bitcoin stockpile has always been a source of intrigue for the crypto community. Now, new data reveals just how large that stake is compared to its Ethereum holdings, raising questions about the potential market impact should the government ever decide to sell. This trove of Bitcoin, amounting to 213,546 BTC, dwarfs the government’s Ethereum holdings of 53,900 ETH, which are valued at a comparatively modest $180 million. THE USA government has 72x more #Bitcoin to dump than #Ethereum. I would be ok with $ETH flipping $BTC now. $13B of #BTC is a lot lol. Doesn’t include GOX, or the BTC Germany has ($3B). Tey’ve been crying wolf about selling for a decade in some cases. The public ledger is truth! pic.twitter.com/w2qkoodhRP — Richard Heart (@RichardHeartWin) June 26, 2024 The staggering 72-fold difference in holdings raises concerns about the potential market impact should the government ever choose to liquidate a portion… The post Uncle Sam’s Bitcoin Stash: A Blessing or a Curse for Crypto? appeared first on Coin Edition. Source: https://coinedition.com/uncle-sams-bitcoin-stash-a-blessing-or-a-curse-for-crypto/

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Filed under: News - @ June 28, 2024 6:16 am