Recently, claims of a war over cryptocurrencies are gaining more traction. Countries are striving to increase their crypto assets and digital infrastructure as much as possible. In this article, we will take a look at the Bitcoin holdings and strategies of various countries, from the USA to Norway, Russia to El Salvador.
US Bitcoin Policy: Sell or Hold?
The US government stands out as the country with the most Bitcoin worldwide. With over 200,000 Bitcoins, the US controls assets worth $12 billion. On August 14, the government made a transfer of 10,000 BTC, sparking speculation about the movement of Bitcoin assets.
Presidential candidate Donald Trump, known for his pro-crypto stance, stated that if elected, he would protect all of the US’s current and future Bitcoin reserves. However, it remains uncertain whether these reserves will be sold or evaluated with a different strategy.
Norway’s Bitcoin Move
Norway is another country taking serious steps regarding Bitcoin. The Central Bank of Norway owns over 1.1 million shares of MicroStrategy, considered a Bitcoin ETF.
Additionally, Norway’s sovereign wealth fund has increased its Bitcoin investments, now holding 2,446 BTC. These moves by Norway indicate the growing importance and acceptance of Bitcoin within the financial ecosystem.
Russia’s Cryptocurrency Strategy
Russian President Vladimir Putin signed a new law regulating cryptocurrency mining, aiming for the country to play a more active role in the crypto asset economy.
Putin emphasizes the importance of creating a legal framework for cryptocurrencies, developing infrastructure, and improving the conditions for the circulation of crypto assets.
El Salvador and the Vision of “Bitcoin City”
El Salvador, which has accepted Bitcoin as an official currency, is drawing attention with its visionary project called “Bitcoin City.” The announcement by Turkey-based Yilport Holding to invest $1.62 billion in two of El Salvador’s ports marks the largest private investment in this project.
The country currently holds 5,840 BTC and continues to add one BTC every day, demonstrating the determination behind this vision.
Lastly, wealthy countries in the Middle East are also making significant investments in Bitcoin and cryptocurrencies. These countries are expected to disclose their Bitcoin holdings by the end of the year, showing their optimism in this regard.
