Thu, Sep 14
Did you know that the U.S. Government is the fifth-largest Bitcoin holder in the world? The list is astonishing!
That's right, you read it correctly; the United States is the fifth-largest holder of Bitcoin on the planet, primarily due to the seizure of assets from the Silk Road market and the imprisonment of its founder with multiple life sentences. How convenient!
Indeed, it is quite convenient, considering that the founder is incarcerated for creating a marketplace that, in part, helped popularize Bitcoin. I won't delve into legal matters, but thanks to Silk Road, Bitcoin became an effective electronic payment method. Legality is a matter for the government; I'm just here to state a relevant fact in the history of Bitcoin's usability.
But if you think the list ends with the United States being the fifth-largest Bitcoin holder, you're mistaken! The list's biggest holder is the currency's creator, Satoshi Nakamoto, who holds a fortune of 1.1 million Bitcoin coins. Doing the math, that amounts to a substantial sum in billions of dollars.
Binance is third on the list, with over 498,000 Bitcoin coins (Wow, CZ and company have a significant share of the Bitcoin market). Grayscale is second on the list, with over 643,000 Bitcoin coins.
Following the United States, we have the Microstrategy Corp, Block dot one, the cryptocurrency exchange OKX, Robinhood, and the Winklevoss twins!
These are the owners of the largest share of Bitcoin in the world, known for ranking in the top ten as the biggest Bitcoin holders on the planet.
It's amusing to think that when Bitcoin started, many of the names on the list of the top 10, excluding Satoshi Nakamoto, the creator, had no idea they could become major players in the Bitcoin market. For example, Microstrategy's CEO once considered Bitcoin a scam and even vowed never to have Bitcoin in the portfolio. Today, it is the sixth-largest holder of the currency.
The United States holds Bitcoin in its treasury portfolio because, as a government, they pursued cryptocurrency ventures and used or enforced the world's "police" law to freeze and take possession of others' assets, all in the name of legality.
Others, like Binance, entered as businesses and astonishingly hold the market with an "iron hand" to monopolize over 40 percent of the market share. This strategy has the exclusive intention of buying more and more Bitcoin because there will only ever be 21 million Bitcoin coins, and whoever has more will one day own the market. Understand, these are just my own thoughts!
Moreover, these are the major holders in the Bitcoin market, and the list includes a country, a corporation, a business fund, and various cryptocurrency ventures as players, all of which make up the top 10.
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