The United States government has been called one of the biggest Bitcoin “whales”. According to Dune analysts, US authorities hold more than 1% of the total supply of the world’s most popular cryptocurrency, which is equivalent to about $5.6 billion at the time of writing.
The US government has been exposed as one of the largest bitcoin whales, according to the latest report from Dune, holding over 205,000 BTC, which is equivalent to over $5.6 billion! What are the authorities up to with this amount of cryptocurrency?
The world of cryptocurrencies never ceases to amaze us. It seems that now it is the US government that has joined the cryptocurrency game and has managed to accumulate a significant amount of bitcoin. Could it be that the authorities are trying to take advantage of the cryptocurrency boom to raise funds? Or could there be something darker at play?
Some experts on the subject have theorized that this move by the US government could be related to its plans for the post-pandemic economy. Considering that the value of bitcoin has increased significantly in recent months, it could be that the authorities try to use these cryptocurrencies as a way to invest and increase the income of the country.
