The Chinese government has around 195,000 Bitcoins. The US Government has around 205,000 Bitcoins.

Wen bitcoin arms race?

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But the US government keeps selling theirs in auctions.

Their arms race is to suppress the price and keep people in their corrupt monopoly money system. They are likely aligned on this goal.

They have the means and motive to do so, and showed the competence and results with gold suppression.

Hopefully bitcoin will succeed where gold failed