Bitcoin Showdown: Why the US Might Stockpile More BTC

The US government might be planning to boost its Bitcoin holdings. This isn't just about having more digital gold. It's about keeping up with other countries, especially China. Samson Mow, a big name in the Bitcoin world, thinks the US won't sit back and let China lead in Bitcoin holdings. He believes the US has a strategic reason to increase its Bitcoin reserves. The Strategic Bitcoin Reserve (SBR) was created to manage seized Bitcoin. Some people in the crypto world think it's not doing much. They argue that the SBR is just holding onto seized Bitcoin and not actively buying more. But Mow sees it differently. He thinks the SBR is a big deal. It's a sign that countries are starting to take Bitcoin seriously. Mow believes the US might not have as much Bitcoin as people think. He says the US might have around 112, 000 BTC. This is because 95, 000 BTC seized from Bitfinex will likely be returned. If true, China, with 194, 000 BTC, would be the top holder. Mow thinks the US won't be happy with China having more Bitcoin. He believes the US will want to have the most. This could mean an audit of the US's Bitcoin supply and then adding more. Competition, he says, is good for Bitcoin. Bitcoin's price is always changing. At the time of writing, one Bitcoin is worth $86, 388. The US government's actions could impact this price. It's important to remember that investing in Bitcoin is risky. Prices can go up and down quickly. Always do your own research before investing.