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The Governments of the World Already Hold 2.3% of Bitcoin
As the cryptocurrency market continues to grow and evolve, it’s no surprise that governments around the world are taking notice. In fact, a recent analysis has revealed that government-controlled entities already hold an astonishing 2.3% of all bitcoin in circulation.
This staggering statistic raises more questions than answers, particularly with regards to the potential implications on the global economy. It’s clear that governments have taken a keen interest in the space and are actively involved in shaping its future.
The analysis suggests that this significant percentage of bitcoin is held by central banks, treasury departments, and other government agencies worldwide. This raises concerns about the potential manipulation of markets, particularly given the influence these institutions wield.
It’s essential to note that governments have been quietly accumulating cryptocurrency assets for quite some time now. While it may seem like a slow process, it’s clear that they are playing the long game, as this report highlights.
The impact on the global economy is immense, and we can expect significant implications in the future. It would be interesting to see how the market responds if these institutions decide to make any drastic moves with their held assets.
It seems like Magyarország (Hungary) may not be an exception, given its increasing interest in cryptocurrencies and digital assets.
Source: www.bitcoinbazis.hu
