Uncle Sam's Bitcoin Stash: Blessing or Curse for Cryptocurrency?

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Uncle Sam's Bitcoin Stash: Blessing or Curse for Cryptocurrency?

  • The USA holds $13 billion price of BTC, excess of ETH's $180 million.
  • A possible sell-off in Bitcoin is elevating issues about volatility.
  • Blockchain transparency makes it attainable to trace governments’ cryptocurrency holdings.

The U.S. authorities's large $13 billion Bitcoin stockpile has all the time intrigued the cryptocurrency group, and now new information is revealing simply how massive its holdings are relative to its Ethereum holdings, elevating questions in regards to the potential affect in the marketplace if the federal government decides to promote.

This Bitcoin hoard quantities to 213,546 BTC, excess of the federal government's 53,900 ETH of Ethereum, which is valued at a relatively modest $180 million.

The staggering 72-fold distinction in holdings has raised issues in regards to the potential affect on markets if the federal government chooses to liquidate some…

This text first appeared on Coin Version in Uncle Sam's Bitcoin Stash: Blessing or Curse for Cryptocurrency?

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