The USA's Federal Government has an estimated 207,000 seized Bitcoin. Of that:
- 69,370 Silk Road Bitcoin will be sold
- 94,000 Bitcoin to be returned to people who lost their Bitcoin in the hack and collapse of Bitfinex
Leaving the USA's Federal Government with approximately 43,630 Bitcoin.
China has approximately 194,775 in seized Bitcoin.
Trump has repeatedly stated his intent to create a "strategic Bitcoin stockpile." No way Trump's ego let's him allow China to have more Bitcoin than the USA's Federal Government by the end of his four year term.
Meaning he'd have to recoup over 160,000 Bitcoin, which is at least $16 Billion if they can manage to get it at today's prices. Which they realistically won't be able to do if the other nations of the world think that the USA's Federal Government is trying to get a dominant position in the Bitcoin market.
There are also Five States that have proposed in their legislature to start buying Bitcoin. Including:
Texas
Pennsylvania
Ohio
New Hampshire
North Dakota
Florida's Treasurer also recommended it to the Florida legislature. Florida is the 16th largest economy in the world, if treated as it's own nation.
This also doesn't take into account any of the USA ETFs nor Companies buying Bitcoin for their balance sheets.
Why isn't this culmination of news all over?
#Bitcoin #USA #Politics
#Boom #Booming #Boomed
