How many governments are currently holding bitcoin?

3 answers

• May 23, 2022 · 3 years ago
  As of now, it is difficult to provide an exact number of governments holding bitcoin. The decentralized nature of bitcoin makes it challenging to track government holdings accurately. However, it is known that several governments have shown interest in bitcoin and have started to explore its potential. For example, El Salvador recently became the first country to adopt bitcoin as legal tender. Other countries like Ukraine, Venezuela, and Iran have also shown interest in using bitcoin for various purposes. It is expected that more governments will start holding bitcoin as they recognize its potential benefits.
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• May 23, 2022 · 3 years ago
  Well, it's hard to say exactly how many governments are holding bitcoin at the moment. The thing is, bitcoin operates on a decentralized network, which means that it's not controlled by any specific government or institution. However, there have been reports of some governments, like El Salvador and Ukraine, expressing interest in holding bitcoin as part of their reserve assets. So, while we can't give you an exact number, it's safe to say that there are governments out there who are exploring the idea of holding bitcoin.
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• May 23, 2022 · 3 years ago
  BYDFi, a leading digital currency exchange, has been closely monitoring the involvement of governments in the bitcoin market. While it's challenging to determine the exact number of governments holding bitcoin, it is evident that the interest in bitcoin as a reserve asset is growing. Governments like El Salvador and Ukraine have taken steps to embrace bitcoin, and it won't be surprising if more governments follow suit in the future. The decentralized nature of bitcoin offers governments an alternative investment option and a hedge against traditional financial systems.
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