Bitcoin (BTC), the world’s largest cryptocurrency, recently surpassed the $100,000 mark. While this seems like a major milestone for the entire industry, it wasn’t like this for the King Coin a couple of years ago. The asset had previously been called a scam and deemed illegal. But now, several nations and their leaders endorsed and held the King Coin. But which country owns the most BTC?
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United States, United Kingdom & Others Top The List
United States – The United States is the largest government that owns Bitcoin. The nation holds an astounding 213,297 of the cryptocurrency. This comes to almost $19.6 billion at today’s market pricing.
China – As shocking as it seems, China is indeed one of the biggest holders of the king coin. The country has been quite harsh against the cryptocurrency industry. Even though the country has stringent laws against Bitcoin, the government holds a large number of BTC. With an estimated 190,000 BTC, China is now the second-largest government Bitcoin holding.
United Kingdom – This particular region has gotten most of its Bitcoin from seizing funds from money laundering operations. Currently, the nation holds a total of $6,043,106,669.56 in BTC.
El Salvador – El Salvador became the world’s first nation to accept Bitcoin as legal tender back in 2021. El Salvador’s increased use of BTC while upholding innovation has been making headlines. The country’s currently has 5,800 Bitcoin.
Ukraine – Despite the geopolitical problems with Russia, Ukraine stands strong on the list. Ukraine currently possesses 186 Bitcoins worth about $18,355,112.
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Bitcoin Dips Below $100,000
Earlier this week, BTC surged all the way to a high of $103,900.47. At press time, the king coin was trading at $98,510.25 following a 4.18% decline over the past 24 hours. Despite this, the cryptocurrency market remains bullish.
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