States watch over Bitcoin: Trump's bold plans for digital reserves!

States watch over Bitcoin: Trump's bold plans for digital reserves!

The influence of states on the crypto market is increasing worldwide. This is particularly evident in the increasing interest in Bitcoin, whose holdings have grown significantly due to state actors. Currently, governments hold approximately 527,743 Bitcoins, which represents approximately 2.7 percent of the total 19.7 million BTC in circulation. Government holdings account for over 16 percent of institutional Bitcoin holdings. Leading these government Bitcoin holders is the US with around 207,189 Bitcoins, followed by China with an estimated 194,000 BTC and the United Kingdom, which holds around 61,000 Bitcoins. Loud block-builders.de Other countries such as Ukraine with 46,351 BTC and Bhutan with 13,029 BTC also have notable crypto reserves.

Notably, most of these Bitcoin holdings come from law enforcement seizures. However, much of public opinion about future government investment in Bitcoin has receded. At the beginning of 2023, 78 percent of participants in a survey believed that a new state would buy Bitcoin in 2025, while this value had fallen to just 46 percent by May. These declining probabilities indicate increasing investor caution.

US government establishes strategic Bitcoin reserve

A crucial step in the government's Bitcoin strategy is the establishment of a strategic Bitcoin reserve (SBR), recently signed by US President Donald Trump. This reserve is capitalized with approximately 200,000 Bitcoin acquired through civil and criminal seizures. The current value of this reserve is around $18 billion. Loud deraktionaer.de This move could position the US as a frontrunner in the global race for digital assets and be seen as a bullish signal for the Bitcoin market.

Nevertheless, the Bitcoin price reacted to the announcement with a decline of six percent. Many traders had hoped for larger purchases from the government, which did not materialize. However, experts like Matt Hougan of Bitwise see the SBR as a sign against a potential ban on Bitcoin by the US government and expect other countries to also build up their own Bitcoin reserves. Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick are already looking for ways to acquire more BTC, while the Federal Reserve Bank of Minneapolis has indicated that Bitcoin could help the US government balance its budget.

Global reactions and future developments

The reactions to the US strategy are complex. Coinbase CEO Brian Armstrong noted that many G20 countries could follow the US's lead, while the International Monetary Fund (IMF) could lose influence against Bitcoin investments. Overall, it shows that the USA is setting the guidelines for possible global development in the Bitcoin market with its new strategy.

The fact that six of the ten largest publicly traded mining companies are US-based, and that US players control around 40 percent of the global hashrate, suggests that control over computing power and transaction processing is increasingly viewed as a tool of power politics. Countries like Singapore and the United Arab Emirates are also investing in mining infrastructure, indicating growing international interest in Bitcoin.