CandleFocus

China’s Dominance in Bitcoin Reserves

China has emerged as the country with the largest Bitcoin holdings, with 194,000 BTC, valued at $17.1 billion, compared to the United States' 112,189 BTC, valued at $9.9 billion. This highlights a shift in global Bitcoin distribution and raises questions about market influence, regulation, and state-level crypto policies. The U.S. holds significant Bitcoin reserves, mainly from seizures related to illicit activities. Other countries, such as the UK, Ukraine, El Salvador, and Bhutan, have also amassed significant Bitcoin holdings. Despite China's strict anti-crypto regulations, its substantial reserves suggest recognition of Bitcoin's value. The difference in holdings may lead to discussions on national crypto policies, and it remains to be seen if the U.S. can reclaim its leading position.

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