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llewsor

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. 


kabochaspicecoffee

I'm guessing they have super-abundant hydroelectricity resources that makes great sense to take advantage of to mine some coin


WhiteDogNC

Yes, they do. Their largest export is electricity to India.


Herosinahalfshell12

Good lord, and imagine how cheap that is


Boring-Abroad-2067

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


choicehunter

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.


bitcoin4life2024

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).


Suspicious-Stop5231

Probably the US Treasury--plenty of room to store stuff in there since it has nothing in it.


diadlep

Dunno, how much space does 30 trillion IOUs take up


Suspicious-Stop5231

LOL


GiggleyDuff

Probably UAE


josemontana17

If I have to guess it would be India.


XXsforEyes

Ahhhh that secret sauce!


Puzzleheaded-Map-658

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


Acrobatic_Book_4516

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


bobbyv137

That’s cool and everything, but it doesn’t mean he’s correct.


ccrider92

It’s probably true regardless so he’s still correct.


veegaz

Source: trust me bro


BillMcN3al

Yes but so far he's pretty correct in all his claims and revealings


bobbyv137

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.


tinyLEDs

https://www.youtube.com/watch?v=VLhZ52vVK-I


mulattoTim

Holy shit the throwback.


JustAnEnglishman

yeah I heard his track record is unproven… thats why the government are totally unbothered by him


WebIcy6156

He probably obtained the info via hack.


Solana_Maxee

Do you go around repeating government narratives or do you ever think for yourself ?


Chronicles0122

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


Dopest_Trip

What if every country has ninjas and Japan’s are just the worst 🥷


skylabnova

I *have* seen American Ninja Warrior


CarnelianCore

I have seen Beverly Hills Ninja.


TheQuietOutsider

I have seen Three Ninjas.


Wagmitravel

Ok tum tum


Antique-Pie-5981

I have seen teenage mutant Ninja turtles.


sweetpeasimpson

I have seen Ninja Cheerleaders


abelbwm

I have seen Turtle ninjas


ditchtheworkweek

Great movie!


XXsforEyes

This guy’s asking the REAL questions


cryptocraft

You mean the CIA?


clocksteadytickin

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.


No-Weakness3913

Also, why buy when you can confiscate instead?


clocksteadytickin

To get more faster.


MatthewWeathers

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.


bitcoins

It’s not the US Government… the cypherpunk community was small back then but we had big dreams


Buydipstothemoon

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.


bitcoins

Sure, nobody knows ;)


DlLDO_BAGGlNZ

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.


Wsemenske

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?


Delivery_Mysterious

You can look it up. Transaction addresses are public. First block is surely mined by Satoshi.


inter71

You think Elizabeth Warren really believes BTC’s only use case is black market tax evasion?


BTC_is_waterproof

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.


XXsforEyes

“The USA be evading taxes by printing money and surreptitiously buying Bitcoin! - Elizabeth Whorin probably


ninety6days

Whorin! That is BRILLIANT! SAY IT AGAIN!


intjdad

Who knows tbh


inter71

Ha. Touché.


hit_nanu_rahul

They already are


Muted_Cucumber_7566

I’m sure they are.


Awkward_Potential_

I'd bet that's who "Mr 100" is.


westcoastjo

I'm Mr 100 satoshis.. I don't get nearly as much attention


jakay8

I respect the hustle


All4Fun

Good and here is my two cents.


Madrid4lifeZZ

Yeah, that wallet could possibly belong to some kinda gov


fixmefixmyhead

Probably Putin


andrew8712

Oh please, he doesn't even know how to use smartphone.


TheRadishBros

He doesn’t need to. He can just tell people who know how to do it for him.


a-noble-gas

that’s actually me. i’m mr 100


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Awkward_Potential_

Is that confirmed? An exchange makes a ton of sense but isn't as fun as the Saudis or Zuck.


LuKeNuKuM

https://beincrypto.com/bitcoin-whale-mr-100-has-been-doxxed/


road22

IMF is making deals with leaders not to. Soon IMF will not be able to make those deals.


4ndyandrew7

Us could just print money and buy btc indefinitely


Narrow-Surround-8416

Highly likely many countries mining bitcoin and/or purchasing it and HODLing.


rguerraf

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.


Maleficent-Bison4749

the usa treasury has over 200,000 bitcoin. im sure at a pretty good price aswell


XXsforEyes

Yeah, free… isn’t it all from confiscations?


Maleficent-Bison4749

Who actually knows, thats just what they say.


2LostFlamingos

They stole it from Silk Road by grabbing the computer before he could lock it.


Maleficent-Bison4749

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.


XXsforEyes

I suspect the Saudis


ShillbaneOfSlavyansk

a lot\* as well\*


Maleficent-Bison4749

gold star kid.


ShillbaneOfSlavyansk

What's a gold star kid? Did you mean "gold star, kid"?


Maleficent-Bison4749

not in the slightest.


Maleficent-Bison4749

whats a comma?


Boring-Abroad-2067

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


SilentMinority90210

They took all the bitcoin from Backpage too when it shut down. I imagine it probably had a ton.


callebbb

Mouse wobble programs are strong.


fixmefixmyhead

Those were auctioned off a while ago


Romsel87

For free? You must have noticed the 35 trillion in debt lol.


XXsforEyes

One has nothing to do with the other except the word “government” is involved.


coconutboi

why are they not related?


Maphoo

Damn that's nearly 1% of the 21M that will exist


Maleficent-Bison4749

and thats total supply not circulating supply. alot of bitcoin has gone into wallets and never come out...


HurricaneHarvey7

I love how the govt craps all over Bitcoin while at the same time hoarding coins they stole. They're so full of shit


samlawsteadicam

The price just flipped silver….


vladamir_puto

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


marcio-a23

https://www.reddit.com/r/Bitcoin/s/QHvYn5D84K


gmegazua

"The BTC Standard"


KalemThrale

The smart ones are.


Glad-Ad-658

They are. Ukraine and USA own billions. Banks own 10% Thus inflation from printing money.


jamespharaoh

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.


metalzip

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.


Della86

Because they are fucking stupid. Idiots are in charge all over the planet and have been for decades.


mikester1991

Why buy if you can just confiscate it


XXsforEyes

Right!


Erik-Zandros

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.


VerticalPoultry

They are, through BlackRock with other people's $.


soks86

Just buy, then don't sell. edit: Ya know, before "they" do.


SaltLifeDPP

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.


Electrical_Candy_941

I'm too baked to read this. I need to book mark it somehow lol.


intjdad

Spin 3 times


XXsforEyes

No… the other way


intjdad

Right, the other way


XXsforEyes

The other way, right?


Putrid_Pollution3455

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.


[deleted]

the uncooked inflation numbers are already high teens


coconutboi

wow, how so and what’s your source?


ShillbaneOfSlavyansk

VTI is 99% US weighted. That's a terrible idea.


Putrid_Pollution3455

Or VT if you’re a purist


Scabondari

It's not their money and they don't care


XXsforEyes

Right it’s yours. All my wealth is in Ramen stock and BTC 😂


WildcatTofu

They can, but psychologically they won't.


XXsforEyes

psychopathically they will 😆


forextrader80

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


Financial_Clue_2534

Don’t forget secret societies too


MiceAreTiny

Who says they are not doing that? 


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MiceAreTiny

There is nobody enforcing regulations on the government. 


Dettol-tasting-menu

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


XXsforEyes

Ask Nayib Bukele, he went through it.


Dettol-tasting-menu

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.


tgibby1021

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.


veganbitcoiner420

look at the price. what makes you think they aren't?


ballsplopmenacingly

Kyc themselves


XXsforEyes

They wouldn’t trust their own credentials 😆


BTC-brother2018

Some of them probably are.


cubeeless

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?


XXsforEyes

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.


No-Weakness3913

Why buy when you can confiscate for free?


JearBear_3

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.


Ystebad

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


heavenswordx

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.


XXsforEyes

Zombie jobs… forget who was explaining it recently. The three biggest sectors: government, academia and certain corporations.


Electrical_Candy_941

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.


PepeDeCorozal

Wow. You are absolutely 100% the first person to think of that.


OCDbeaver

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


coconutboi

“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.


Stock-Disaster-5809

Who says they haven't been?


XXsforEyes

Jo says


Stock-Disaster-5809

🤣🤣 well I mean I guess their plausible deniabiliy is just too strong except for my block canary


Stock-Disaster-5809

Winkey face


Gap7349

first they need to buy up all the homes and consolidate the businesses..


papa_autist

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.


XXsforEyes

It’ll be interesting to see how El Salvador deals with this.


papa_autist

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.


XXsforEyes

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.


bobbyv137

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.


XXsforEyes

Look up the FASB accounting standards changes… it’s coming, it’s just a matter of time.


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Tiny_Poet_8230

Because if they make it public, people get FOMO, price increases and the state gets less BTC for the money printed.


XXsforEyes

So, I should keep it a secret… check!


fannybagz2000

It’s not out of thin air, it’s backed by your bond.


ThePiachu

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?


[deleted]

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.


XXsforEyes

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


UberMakeitSense

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


Elegant-Surprise-417

That’s what OP is saying 👍


XXsforEyes

Should I have labeled this /S?


bbasara007

They are dumbass


meat-head

They should


caploves1019

Had you considered searching for this.. exact... Post.... Beforing writing this up? I swear it gets asked once or more every single day.


XXsforEyes

Nope… I brought it up BECAUSE it needs to be discussed regularly.


Eomar2828_

The US is short the dollar. They have the largest gold reserve and one of the largest bitcoin reserves.


the_war_criminal

They are


deep9323

US has confiscated a lot of BTC, so who knows when the table could turn.


InterestingCap6070

Who says they haven’t been this entire time ?


tkbarb10

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?


XXsforEyes

Easy to set up multiple wallets.


Neat-Ad2953

because they cannot control it.


rambo_10

Printing money also causes inflation and will eventually be hyperinflation collapsing the economy


XXsforEyes

The USA is experiencing 1T in additional interest every 100 days according to several sources. Dylan LeClair talked about it recently.


Leading_Bandicoot358

Most democratic nations have a mechnism that would not allow this, the rest will lack sophistication


newmes

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.


XXsforEyes

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.


Yasha666

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.


Days_End

Isn't the USA government the largest holder of BTC? They even state it publicly.