“This is why Bitcoin is skyrocketing!”
The price of Bitcoin has surged by 20%, now exceeding $90,000 each. Why? Some say it’s because certain countries may be secretly buying Bitcoin, and people believe that President Trump has a particular fondness for Bitcoin, and that he might support it policy-wise, so there's a lot of anticipation.
Regarding the price increase of Bitcoin, there are also rumors that an unnamed country has been quietly buying Bitcoin, and it might become one of the top five countries holding the most Bitcoin.
David Bailey, a big shot in the Bitcoin community, owner of Bitcoin Magazine, and in charge of Bitcoin strategy for Trump’s campaign, posted a message on social media hinting at this, saying, “At least one country is actively buying Bitcoin.”
Bailey also mentioned that this country might soon reveal how much Bitcoin it has purchased.
Currently, the countries with the most Bitcoin are the United States and China, both hoarding nearly 200,000 Bitcoins, all of which were confiscated.
There are also several other countries with a considerable amount of Bitcoin, such as the United Kingdom, Ukraine, Bhutan, and El Salvador. The Bitcoin in Ukraine was obtained after Russia invaded in 2022 through various means; Bhutan is trying to mine Bitcoin; El Salvador is even more impressive, having declared Bitcoin as their national currency in 2021.
President Trump has also stated that he wants to make the United States the leader in the cryptocurrency space and plans to create a strategic reserve for Bitcoin.
Earlier this year, an American named Cynthia Lummis proposed a “Bitcoin Bill,” stating the intention to buy 1 million Bitcoins over five years to manage the country's funds. With all these developments, expectations for Bitcoin have increased.
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