Ethereum

2024

Richard

Bitcoin

<ul class="news-points"> 
 <li><strong>The U.S. holds $13 billion in BTC, dwarfing its $180 million in ETH.</strong></li> 
 <li><strong>Potential Bitcoin sell-offs spark fears of volatility.</strong></li> 
 <li><strong>Blockchain transparency allows tracking of government crypto holdings.</strong></li> 
</ul> 
<p>The U.S. government’s massive $13 billion Bitcoin stockpile has always been a source of intrigue for the crypto community. Now, new data reveals just how large that stake is compared to its Ethereum holdings, raising questions about the potential market impact should the government ever decide to sell.</p> 
<p>This trove of Bitcoin, amounting to 213,546 BTC, dwarfs the government’s Ethereum holdings of 53,900 ETH, which are valued at a comparatively modest $180 million.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">THE USA government has 72x more <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a> to dump than <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Ethereum</a>. I would be ok with <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a> flipping <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$BTC</a> now. $13B of <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#BTC</a> is a lot lol. Doesn't include GOX, or the BTC Germany has ($3B). Tey've been crying wolf about selling for a decade in some cases. The public ledger is truth! <a href="https://t.co/w2qkoodhRP" target="_blank" rel="nofollow">pic.twitter.com/w2qkoodhRP</a></p>— Richard Heart (@RichardHeartWin) <a href="https://twitter.com/RichardHeartWin/status/1806060439463399465?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">June 26, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>The staggering 72-fold difference in holdings raises concerns about the potential market impact should the government ever choose to liquidate a portion…</p>
<p>The post <a href="https://coinedition.com/uncle-sams-bitcoin-stash-a-blessing-or-a-curse-for-crypto/">Uncle Sam’s Bitcoin Stash: A Blessing or a Curse for Crypto?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Uncle Sam’s Bitcoin Stash: A Blessing or a Curse for Crypto?

Coin Edition

Други статии, публикувани на 27.06.2024 г.

Explosive Growth in Crypto: BlockDAG’s Meteoric Rise of $54 Million and Exciting Futures for MKR ...

BlackRock’s Premier Funds Embrace IBIT In Big Win For Bitcoin

US Government Follows Germany to Move Seized Bitcoins

Fhenix Announces Encryption Day Event in Brussels as an EthCC side event on July 9

This company raises $20M in funding to tokenize AI models and enable decentralized AI oracles

Ethereum Faces Potential Breakout Despite Recent Decline

Присъединете се към нашия безплатен бюлетин за ежедневни крипто актуализации!