🚨 LATEST: China nears top spot in government Bitcoin holdings
Despite banning crypto domestically, 🇨🇳 China is now just 4,012 $BTC away from overtaking 🇺🇸 the United States as the largest government Bitcoin holder. $LTC
KEY CONTEXT:
• China: Large BTC holdings from seizures, not adoption $NOM
• U.S.: Holdings largely from law enforcement forfeitures
• Gap: Only 4,012 BTC separating #1 and #2
WHY IT MATTERS:
• Highlights the irony of bans vs balance sheets $AUCTION
• Confirms governments are now major Bitcoin whales
• Raises questions around sell pressure vs strategic reserves
BOTTOM LINE:
You Can Ban Bitcoin —
But You Can’t Escape Holding It.
