it's simply happening

USG has 200k bitcoins

china gov has 200k bitcoins

russia has now decriminalized bitcoin payments for international payments for businesses, and i can bet they are gonna be stackin too

it is very bullish in the long run for bitcoin because governments are incentivised to maintain this as a balance against their enemies because of it's nuclear-like MAD property if one dumps then their currency can be crashed easier

just look at the bitcoin price in nigerian naira from last year, for example

extrapolate this to the whole world and you see that bitcoin becomes a VERY strong countermeasure against central banks and profligate bond issuance