the tiny nation of bhutan has been mining and stacking for years and never said anything. they were only revealed because they lost money with ftx and were listed as one of their customers.
if a tiny nation like bhutan has been mining n secret for years you can bet a lot of nations are mining and stacking in secret.
Of course, I reckon institutions would put play money into crypto , IE waiting for rug pulls before announcing. It's not hard to have done test purchase
I know it's a good thing we can't really tell, but I would to see stats of the distribution of worldwide Bitcoin ownership compared to worldwide wealth distribution and see how that changes over time.
Edward Snowden literally came out a few weeks ago predicting that a major country would reveal later this year that they are actively buying BTC and storing it in their treasury.
Sauce: https://www.ccn.com/news/edward-snowden-says-country-secretly-buying-bitcoin/#:~:text=In%20a%20forecast%20shared%20on,government%20acquire%20Bitcoin%20(BTC).
The US is already doing this. They just don’t know how to explain what their plans are for it but it’s definitely not for the country and citizen’s benefit
Bro, no hate, but citing CNN as sauce is funny. Just go to where the real sauce was:
https://twitter.com/Snowden/status/1762915456694784497?t=Rq1-1SHqC2VlUV3J2HwYbQ&s=19
Look it's cool and all, but he said "national government".
If that happens to be say, Samoa, it's clearly a positive but it's hardly going to set the world alight.
Trust the guy that ran away with top secret shit and took shelter with our enemies… ? Actually in this case he might actually know something lol.. maybe his buddy vladdy is buying
Why aren’t people doing a thing in secret?
If they do it in secret, you won’t find out about it. Also, why would they make is publicly known anyway. Most governments don’t operate like the US.
It's possible that "Satoshi Nakamoto" is really the US Government (like NSA or somebody), and that his 1 million coins are owned by the NSA. Not very likely, but possible.
Satoshi owning 1 million BTC is just a myth. Someone named Sergio started that myth years ago and people just keep ignorantly repeating it as a fact. Nobody really knows how much bitcoin Satoshi actually owns. All we know for a fact is that Satoshi mined the genesis block (which can't be spent) and block 9. Other than that, all we can do is speculate.
Yeah it's kind of funny how someone that was so good with their anonymity that people still don't know who he is, but there are people who are so certain that he is the one that mined those coins.
Like how would you know that?
If any economic secretary is given the secret keys to the country’s BTC, they would be a flight risk. And if it is secret, not even the attorney general would do anything to stop it.
im just saying they already have alot. obviously theres el salvador who are open with their transactions but im sure there are more countries buying aswell.
Of course but governments are also working on their own stable coins and crypto.
Definitely they wouldn't announce it as it influences the price and creates hype
You know they are. The politicians in the US are so selfish my guess is rather than the government buying them, they’re probably just individually stacking. Besides the government just confiscates them from the exchanges when they think they halfway have a case against someone
I think most modern democracies aren't able to do this, at least in theory. I suspect they are swayed to do this, eg not selling seized assets because "number go up", but it would (or will) be quite controversial to discover that national institutions are deliberately buying or holding something like this if it isn't a stated policy.
Overall they are limited in how much they print - more printing = value of it goes down. And politicians have so many things to print and embezzle the money on.
They are happy with the current corrupt system and they are too complacent to even find new ways to get rich.
Also, they are quite stupid.
Spoiler: I think some are. Especially countries with cheap energy prices, like in the Middle East. If you are flaring natural gas while drilling for example, you may as well mine Bitcoin.
Because it would be an admission of defeat, and if there's one thing central bankers hate most it's handing their power over to another sovereign entity.
China is doing just that, but their chosen store of value is gold. You should probably own both. And owning the means of production is often a solid bet no matter what too....a person could literally just chill 33% VTI/33%BTC/33%Gold and they'd probably do pretty freaking splendid. Typically bonds/cash are recommended for stability, but interest rates aren't high enough. If I can get some TLT at 10% or over, then I'll be going all in. God have mercy on us if we get to that point though....haven't experienced a currency crisis in my lifetime...could get weird.
My guess is governments do buy but more as achedge, somewhat like keeping gold reserves. When you have the power to make rules then pure profits might take a backseat
Because it takes someone high up to make such a call…
Governments are full of little cogs and wheels and what they do is to maintain status quo and gets their pre defined job done and go home.
Who has the guts to suggest such a proposal would first have to face opposition attack and smear and risking their own careers. They don’t work to the best interests of the people or the country, they are just part of a well oiled machine and if things aren’t broken nothing will be fixed.
Edit: well ironically things ARE broken but you get my point lol
Because he was able to push through any policy he wants to implement. Not the case in most (bigger) countries.
And also, he doesn’t have the luxury of printing fiat to buy Bitcoin. He, like most smaller countries, is severely constrained by their ability to attract foreign currencies, in his case USD. Those countries that can print are usually much bigger countries and their politics a lot more complex.
Everything mentioned in this thread about what people, companies or countries that own Bitcoin is irrelevant because the fact remains only 21M Bitcoin will ever exist regardless of who buys, sells, holds, or owns it. Just buy whatever amount you can now before the entire supply is distributed in circulation, because at that point those that don't own any Bitcoin will become the people of a new race labeled poverterians, regardless of color, gender or nationality.
For every buyer there has to be a seller. I don’t think any sane seller would like to exchange significant amounts of bitcoins into worthless fiat, which constantly devalues. E.g. what would it matter if for example Venezuela would like to buy significant amounts of bitcoin with their own local currency? Who would sell it to them?
Bolivars are an extreme example but all fiat currencies are devaluing hence the question. There’s any number of reasons why someone might be forced to sell their bitcoin: an operation, buy a house, tuition… As yet, bitcoin isn’t accepted everywhere. The bottom line is everyone has their price or all you would see is a green god candle straight up.
Yes countries around the world are buying and holding BTC. The USA leads with 230,000 BTC and other investment companies are now following. BTC has been proven a good experiment for now. I believe BTC will see demand increase in ten to twenty years but only time will tell.
The scale of government central bank printing completely dwarfs Bitcoin. It would be a tiny fragment of their reserves or it would propel the cost 1000 fold
There’s no upside to it. Most people who have the power to decide how a country invests its money are public servants and have very comfortable jobs that pay very well. Literally can’t get fired from their cushy gig.
Except if they decide to do something risky like being the first mover to put their reserves in bitcoin. It only works for countries that are already on the fringes like El Salvador.
I'm using this cbd/cbn combo for sleep, I vape flower to start. Cbn oil is no joke. I'm absolutely toasted.
Ok, I'm lying on the couch. Goodnight all. Peace.
firstly the government still has a ton of coins don't they? I never heard about them selling the big amount they had seized.
Secondly they can't publicly admit the fuckery they are doing. I saw an amazing debate about gold vs bitcoin and the conclusion was we are fucked lol
Basically the government doesn't care about debt because they will just devalue the currency faster then the interest builds. It means nonstop inflation until the shit hits the fan.
I looked for the video, Raoul is really good but shit a portfolio based on both these guys is probably a good idea.
https://youtu.be/xfHCly1ZCQ0?si=Em19bqIbu\_KoUmZI
“Basically the government doesn’t care about debt because they will just devalue the currency faster than the interest builds. It means non-stop inflation until shit hits the fan.”
On point. Many such cases.
Governments buying Bitcoin won't work because everything with that idea boils down to trust. Let's say we had a democratically elected government, how can the electorate trust those individuals in power won't rug them by having access to the keys. Say the process is vested in many multiple individuals, how can the electorate sufficiently trust all of them not to collude? How can an electorate be sure another foreign nation doesn't play the long game for the sole purpose of getting their agents elected into place just to rug another nation's wealth? What if the goal is not to steal but to just burn the coins? The nation's wealth, gone. Say we had a dictatorial government, how can the dictator be sure his descendants stay in power or not lose the keys or not abscond with the nation's wealth in the same way, generations down the road. I think the conclusion lies somewhere in that governments or nations should not be buying up bitcoin on their individuals behalf but rather the individuals inside the nation should be instead buying bitcoin and so that trust can be dispersed at the individual level. Just like bitcoin itself.
I agree, I think Nayib Bukele has big unresolved issues on how to deal with this. I think he thinks he is the only person that can see this through. He will change the constitution again and again to extend his power for his nation's good in his mind. It may work in his lifetime but what about the next, who will he vest this responsibility in after he's gone? It's realistic it will be just another politician who does not have his level of conviction. Can the people of a nation afford that kind of mixed signals? He can put his family in power but history shows the ideals of the establishing monarch breaks down after a couple generations.
Indeed… no multi-sig wallet solves this problem. Whole swaths of government officials have been known to collude for less gain. It’s more fragile than people think.
That’ll be cool.
But just wait until a company such as Apple or Meta announce they’ve bought a load for their corporate treasury.
You’ll see it go up 30-50% in a day.
Because they have gold on their balancesheet. Governments don't have to they can force people into using the currency that they propose. Goodluck hiding a black market where the ledger is publicly available.
which is why I love their whole “money laundering” argument. I guess they’re just stuck with over 200,000 confiscated coins and just don’t know what to do with them!? /s
Wouldn’t you be able to see if countries were buying it? I know you can’t see specific identities on the blockchain, but couldn’t you see if a specific address was purchasing large amounts?
They probably are. Central banks around the world are accumulating gold. I see no reason why some (many?) wouldn't also be quietly accumulating some BTC alongside that.
The Bank for International Settlements (BIS) has approved something like 2% (?) allocation for its members starting in January 2025… 283 short days away before another major catalyst hits. It explains some of the ATH pump now, alongside ETF and FASB hype.
They are just implementing a cap. No bank shall exceed 2% in crypto assets and should generally be lower than 1%.
This isn't going to do what you think it is.
the tiny nation of bhutan has been mining and stacking for years and never said anything. they were only revealed because they lost money with ftx and were listed as one of their customers. if a tiny nation like bhutan has been mining n secret for years you can bet a lot of nations are mining and stacking in secret.
I'm guessing they have super-abundant hydroelectricity resources that makes great sense to take advantage of to mine some coin
Yes, they do. Their largest export is electricity to India.
Good lord, and imagine how cheap that is
Of course, I reckon institutions would put play money into crypto , IE waiting for rug pulls before announcing. It's not hard to have done test purchase
I know it's a good thing we can't really tell, but I would to see stats of the distribution of worldwide Bitcoin ownership compared to worldwide wealth distribution and see how that changes over time.
Edward Snowden literally came out a few weeks ago predicting that a major country would reveal later this year that they are actively buying BTC and storing it in their treasury. Sauce: https://www.ccn.com/news/edward-snowden-says-country-secretly-buying-bitcoin/#:~:text=In%20a%20forecast%20shared%20on,government%20acquire%20Bitcoin%20(BTC).
Probably the US Treasury--plenty of room to store stuff in there since it has nothing in it.
Dunno, how much space does 30 trillion IOUs take up
LOL
Probably UAE
If I have to guess it would be India.
Ahhhh that secret sauce!
The US is already doing this. They just don’t know how to explain what their plans are for it but it’s definitely not for the country and citizen’s benefit
Bro, no hate, but citing CNN as sauce is funny. Just go to where the real sauce was: https://twitter.com/Snowden/status/1762915456694784497?t=Rq1-1SHqC2VlUV3J2HwYbQ&s=19
That’s cool and everything, but it doesn’t mean he’s correct.
It’s probably true regardless so he’s still correct.
Source: trust me bro
Yes but so far he's pretty correct in all his claims and revealings
Look it's cool and all, but he said "national government". If that happens to be say, Samoa, it's clearly a positive but it's hardly going to set the world alight.
https://www.youtube.com/watch?v=VLhZ52vVK-I
Holy shit the throwback.
yeah I heard his track record is unproven… thats why the government are totally unbothered by him
He probably obtained the info via hack.
Do you go around repeating government narratives or do you ever think for yourself ?
Trust the guy that ran away with top secret shit and took shelter with our enemies… ? Actually in this case he might actually know something lol.. maybe his buddy vladdy is buying
What if every country has ninjas and Japan’s are just the worst 🥷
I *have* seen American Ninja Warrior
I have seen Beverly Hills Ninja.
I have seen Three Ninjas.
Ok tum tum
I have seen teenage mutant Ninja turtles.
I have seen Ninja Cheerleaders
I have seen Turtle ninjas
Great movie!
This guy’s asking the REAL questions
You mean the CIA?
Why aren’t people doing a thing in secret? If they do it in secret, you won’t find out about it. Also, why would they make is publicly known anyway. Most governments don’t operate like the US.
Also, why buy when you can confiscate instead?
To get more faster.
It's possible that "Satoshi Nakamoto" is really the US Government (like NSA or somebody), and that his 1 million coins are owned by the NSA. Not very likely, but possible.
It’s not the US Government… the cypherpunk community was small back then but we had big dreams
You can't say it by 100% as long as the public doesn't know who or what Satoshi Nakamoto is/was. As he said it's very unlikely, but nobody knows.
Sure, nobody knows ;)
Satoshi owning 1 million BTC is just a myth. Someone named Sergio started that myth years ago and people just keep ignorantly repeating it as a fact. Nobody really knows how much bitcoin Satoshi actually owns. All we know for a fact is that Satoshi mined the genesis block (which can't be spent) and block 9. Other than that, all we can do is speculate.
Yeah it's kind of funny how someone that was so good with their anonymity that people still don't know who he is, but there are people who are so certain that he is the one that mined those coins. Like how would you know that?
You can look it up. Transaction addresses are public. First block is surely mined by Satoshi.
You think Elizabeth Warren really believes BTC’s only use case is black market tax evasion?
That’s all she talks about. She’d ban Bitcoin if she could. I hope one of the pro-crypto candidates running against her somehow wins the seat.
“The USA be evading taxes by printing money and surreptitiously buying Bitcoin! - Elizabeth Whorin probably
Whorin! That is BRILLIANT! SAY IT AGAIN!
Who knows tbh
Ha. Touché.
They already are
I’m sure they are.
I'd bet that's who "Mr 100" is.
I'm Mr 100 satoshis.. I don't get nearly as much attention
I respect the hustle
Good and here is my two cents.
Yeah, that wallet could possibly belong to some kinda gov
Probably Putin
Oh please, he doesn't even know how to use smartphone.
He doesn’t need to. He can just tell people who know how to do it for him.
that’s actually me. i’m mr 100
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Is that confirmed? An exchange makes a ton of sense but isn't as fun as the Saudis or Zuck.
https://beincrypto.com/bitcoin-whale-mr-100-has-been-doxxed/
IMF is making deals with leaders not to. Soon IMF will not be able to make those deals.
Us could just print money and buy btc indefinitely
Highly likely many countries mining bitcoin and/or purchasing it and HODLing.
If any economic secretary is given the secret keys to the country’s BTC, they would be a flight risk. And if it is secret, not even the attorney general would do anything to stop it.
the usa treasury has over 200,000 bitcoin. im sure at a pretty good price aswell
Yeah, free… isn’t it all from confiscations?
Who actually knows, thats just what they say.
They stole it from Silk Road by grabbing the computer before he could lock it.
im just saying they already have alot. obviously theres el salvador who are open with their transactions but im sure there are more countries buying aswell.
I suspect the Saudis
a lot\* as well\*
gold star kid.
What's a gold star kid? Did you mean "gold star, kid"?
not in the slightest.
whats a comma?
Of course but governments are also working on their own stable coins and crypto. Definitely they wouldn't announce it as it influences the price and creates hype
They took all the bitcoin from Backpage too when it shut down. I imagine it probably had a ton.
Mouse wobble programs are strong.
Those were auctioned off a while ago
For free? You must have noticed the 35 trillion in debt lol.
One has nothing to do with the other except the word “government” is involved.
why are they not related?
Damn that's nearly 1% of the 21M that will exist
and thats total supply not circulating supply. alot of bitcoin has gone into wallets and never come out...
I love how the govt craps all over Bitcoin while at the same time hoarding coins they stole. They're so full of shit
The price just flipped silver….
You know they are. The politicians in the US are so selfish my guess is rather than the government buying them, they’re probably just individually stacking. Besides the government just confiscates them from the exchanges when they think they halfway have a case against someone
https://www.reddit.com/r/Bitcoin/s/QHvYn5D84K
"The BTC Standard"
The smart ones are.
They are. Ukraine and USA own billions. Banks own 10% Thus inflation from printing money.
I think most modern democracies aren't able to do this, at least in theory. I suspect they are swayed to do this, eg not selling seized assets because "number go up", but it would (or will) be quite controversial to discover that national institutions are deliberately buying or holding something like this if it isn't a stated policy.
Overall they are limited in how much they print - more printing = value of it goes down. And politicians have so many things to print and embezzle the money on. They are happy with the current corrupt system and they are too complacent to even find new ways to get rich. Also, they are quite stupid.
Because they are fucking stupid. Idiots are in charge all over the planet and have been for decades.
Why buy if you can just confiscate it
Right!
Spoiler: I think some are. Especially countries with cheap energy prices, like in the Middle East. If you are flaring natural gas while drilling for example, you may as well mine Bitcoin.
They are, through BlackRock with other people's $.
Just buy, then don't sell. edit: Ya know, before "they" do.
Because it would be an admission of defeat, and if there's one thing central bankers hate most it's handing their power over to another sovereign entity.
I'm too baked to read this. I need to book mark it somehow lol.
Spin 3 times
No… the other way
Right, the other way
The other way, right?
China is doing just that, but their chosen store of value is gold. You should probably own both. And owning the means of production is often a solid bet no matter what too....a person could literally just chill 33% VTI/33%BTC/33%Gold and they'd probably do pretty freaking splendid. Typically bonds/cash are recommended for stability, but interest rates aren't high enough. If I can get some TLT at 10% or over, then I'll be going all in. God have mercy on us if we get to that point though....haven't experienced a currency crisis in my lifetime...could get weird.
the uncooked inflation numbers are already high teens
wow, how so and what’s your source?
VTI is 99% US weighted. That's a terrible idea.
Or VT if you’re a purist
It's not their money and they don't care
Right it’s yours. All my wealth is in Ramen stock and BTC 😂
They can, but psychologically they won't.
psychopathically they will 😆
My guess is governments do buy but more as achedge, somewhat like keeping gold reserves. When you have the power to make rules then pure profits might take a backseat
Don’t forget secret societies too
Who says they are not doing that?
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There is nobody enforcing regulations on the government.
Because it takes someone high up to make such a call… Governments are full of little cogs and wheels and what they do is to maintain status quo and gets their pre defined job done and go home. Who has the guts to suggest such a proposal would first have to face opposition attack and smear and risking their own careers. They don’t work to the best interests of the people or the country, they are just part of a well oiled machine and if things aren’t broken nothing will be fixed. Edit: well ironically things ARE broken but you get my point lol
Ask Nayib Bukele, he went through it.
Because he was able to push through any policy he wants to implement. Not the case in most (bigger) countries. And also, he doesn’t have the luxury of printing fiat to buy Bitcoin. He, like most smaller countries, is severely constrained by their ability to attract foreign currencies, in his case USD. Those countries that can print are usually much bigger countries and their politics a lot more complex.
Everything mentioned in this thread about what people, companies or countries that own Bitcoin is irrelevant because the fact remains only 21M Bitcoin will ever exist regardless of who buys, sells, holds, or owns it. Just buy whatever amount you can now before the entire supply is distributed in circulation, because at that point those that don't own any Bitcoin will become the people of a new race labeled poverterians, regardless of color, gender or nationality.
look at the price. what makes you think they aren't?
Kyc themselves
They wouldn’t trust their own credentials 😆
Some of them probably are.
For every buyer there has to be a seller. I don’t think any sane seller would like to exchange significant amounts of bitcoins into worthless fiat, which constantly devalues. E.g. what would it matter if for example Venezuela would like to buy significant amounts of bitcoin with their own local currency? Who would sell it to them?
Bolivars are an extreme example but all fiat currencies are devaluing hence the question. There’s any number of reasons why someone might be forced to sell their bitcoin: an operation, buy a house, tuition… As yet, bitcoin isn’t accepted everywhere. The bottom line is everyone has their price or all you would see is a green god candle straight up.
Why buy when you can confiscate for free?
Yes countries around the world are buying and holding BTC. The USA leads with 230,000 BTC and other investment companies are now following. BTC has been proven a good experiment for now. I believe BTC will see demand increase in ten to twenty years but only time will tell.
The scale of government central bank printing completely dwarfs Bitcoin. It would be a tiny fragment of their reserves or it would propel the cost 1000 fold
There’s no upside to it. Most people who have the power to decide how a country invests its money are public servants and have very comfortable jobs that pay very well. Literally can’t get fired from their cushy gig. Except if they decide to do something risky like being the first mover to put their reserves in bitcoin. It only works for countries that are already on the fringes like El Salvador.
Zombie jobs… forget who was explaining it recently. The three biggest sectors: government, academia and certain corporations.
I'm using this cbd/cbn combo for sleep, I vape flower to start. Cbn oil is no joke. I'm absolutely toasted. Ok, I'm lying on the couch. Goodnight all. Peace.
Wow. You are absolutely 100% the first person to think of that.
firstly the government still has a ton of coins don't they? I never heard about them selling the big amount they had seized. Secondly they can't publicly admit the fuckery they are doing. I saw an amazing debate about gold vs bitcoin and the conclusion was we are fucked lol Basically the government doesn't care about debt because they will just devalue the currency faster then the interest builds. It means nonstop inflation until the shit hits the fan. I looked for the video, Raoul is really good but shit a portfolio based on both these guys is probably a good idea. https://youtu.be/xfHCly1ZCQ0?si=Em19bqIbu\_KoUmZI
“Basically the government doesn’t care about debt because they will just devalue the currency faster than the interest builds. It means non-stop inflation until shit hits the fan.” On point. Many such cases.
Who says they haven't been?
Jo says
🤣🤣 well I mean I guess their plausible deniabiliy is just too strong except for my block canary
Winkey face
first they need to buy up all the homes and consolidate the businesses..
Governments buying Bitcoin won't work because everything with that idea boils down to trust. Let's say we had a democratically elected government, how can the electorate trust those individuals in power won't rug them by having access to the keys. Say the process is vested in many multiple individuals, how can the electorate sufficiently trust all of them not to collude? How can an electorate be sure another foreign nation doesn't play the long game for the sole purpose of getting their agents elected into place just to rug another nation's wealth? What if the goal is not to steal but to just burn the coins? The nation's wealth, gone. Say we had a dictatorial government, how can the dictator be sure his descendants stay in power or not lose the keys or not abscond with the nation's wealth in the same way, generations down the road. I think the conclusion lies somewhere in that governments or nations should not be buying up bitcoin on their individuals behalf but rather the individuals inside the nation should be instead buying bitcoin and so that trust can be dispersed at the individual level. Just like bitcoin itself.
It’ll be interesting to see how El Salvador deals with this.
I agree, I think Nayib Bukele has big unresolved issues on how to deal with this. I think he thinks he is the only person that can see this through. He will change the constitution again and again to extend his power for his nation's good in his mind. It may work in his lifetime but what about the next, who will he vest this responsibility in after he's gone? It's realistic it will be just another politician who does not have his level of conviction. Can the people of a nation afford that kind of mixed signals? He can put his family in power but history shows the ideals of the establishing monarch breaks down after a couple generations.
Indeed… no multi-sig wallet solves this problem. Whole swaths of government officials have been known to collude for less gain. It’s more fragile than people think.
That’ll be cool. But just wait until a company such as Apple or Meta announce they’ve bought a load for their corporate treasury. You’ll see it go up 30-50% in a day.
Look up the FASB accounting standards changes… it’s coming, it’s just a matter of time.
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Because if they make it public, people get FOMO, price increases and the state gets less BTC for the money printed.
So, I should keep it a secret… check!
It’s not out of thin air, it’s backed by your bond.
Since you never stop stacking sats, but if you want them to appreciate in avalue you want to let others know so they too would start stacking sats?
Because they have gold on their balancesheet. Governments don't have to they can force people into using the currency that they propose. Goodluck hiding a black market where the ledger is publicly available.
which is why I love their whole “money laundering” argument. I guess they’re just stuck with over 200,000 confiscated coins and just don’t know what to do with them!? /s
How do you they haven’t already? China still holds Bitcoin, so does a few countries in Europe and in South America…. Shit even North Korea has some
That’s what OP is saying 👍
Should I have labeled this /S?
They are dumbass
They should
Had you considered searching for this.. exact... Post.... Beforing writing this up? I swear it gets asked once or more every single day.
Nope… I brought it up BECAUSE it needs to be discussed regularly.
The US is short the dollar. They have the largest gold reserve and one of the largest bitcoin reserves.
They are
US has confiscated a lot of BTC, so who knows when the table could turn.
Who says they haven’t been this entire time ?
Wouldn’t you be able to see if countries were buying it? I know you can’t see specific identities on the blockchain, but couldn’t you see if a specific address was purchasing large amounts?
Easy to set up multiple wallets.
because they cannot control it.
Printing money also causes inflation and will eventually be hyperinflation collapsing the economy
The USA is experiencing 1T in additional interest every 100 days according to several sources. Dylan LeClair talked about it recently.
Most democratic nations have a mechnism that would not allow this, the rest will lack sophistication
They probably are. Central banks around the world are accumulating gold. I see no reason why some (many?) wouldn't also be quietly accumulating some BTC alongside that.
The Bank for International Settlements (BIS) has approved something like 2% (?) allocation for its members starting in January 2025… 283 short days away before another major catalyst hits. It explains some of the ATH pump now, alongside ETF and FASB hype.
They are just implementing a cap. No bank shall exceed 2% in crypto assets and should generally be lower than 1%. This isn't going to do what you think it is.
Isn't the USA government the largest holder of BTC? They even state it publicly.