The price of Bitcoin has surged by 20% and surpassed $80,000 per Bitcoin due to speculation that a nation-state may be quietly accumulating the cryptocurrency. Rumors suggest that the country in question could become one of the top five national holders of Bitcoin. David Bailey, CEO of Bitcoin Inc. and Bitcoin strategy advisor to Donald Trump's campaign, hinted at this speculation on social media. The largest national holders of Bitcoin currently are the United States and China, each holding close to 200,000 BTC. Trump's pro-Bitcoin policies and the introduction of the Bitcoin Act, which proposes purchasing up to 1 million BTC over five years, have raised expectations among Bitcoin investors and enthusiasts.



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