Quote from: Sceptre_ on Today at 12:56:52 AM

The U.S. government's involvement in the BitcoinBTC market has been notable, with Jameson Lopp, co-founder of Casa, tracking their activities since 2014. The government has seized and sold at least 195,091 BitcoinsBTC, making a profit of over $366 million. Currently, it holds 213,546 BitcoinsBTC, valued at over $13 billion, positioning it as one of the largest BitcoinBTC holders globally. This significant holding underscores a growing acceptance of cryptocurrencies as a legitimate asset class. Meanwhile, the German government holds 46,359 BitcoinsBTC, making it the fourth-largest sovereign BitcoinBTC holder behind China and the UK. These substantial holdings by major governments highlight an increasing interest and involvement in the cryptocurrency market, reflecting a broader trend of recognizing BitcoinBTC as a strategic financial asset. The legitimization of BitcoinBTC by such influential entities not only impacts market dynamics but also suggests an evolving regulatory landscape and a shift in economic strategies to include digital currencies.

The government is just interested in seizing, selling and making a profit from Bitcoin. Besides El Salvador, I don't think there is any other nation that has shown genuine interest in investing in Bitcoin. However, they are interested in attracting Bitcoin-related businesses so that they can create employment and increase tax revenue. This is the reason why many countries have increased regulation and also approved some Bitcoin-related services like the ETF. The government will only be interested in the Bitcoin they can control.

Quote from: Maslate on Today at 09:20:26 AM

While India owns the most bitcoin based on their actual number of crypto owners, the US government still got the highest bitcoin ownership which were all seized from criminals. So it’s not that they actually value the huge amount of bitcoin because they see it as an investment or currency, but more on these confiscated bitcoins are just being used as evidence or proceeds of the crime. They don’t hold bitcoins to say that they are pro-bitcoin, in fact they are always against with how the nature of bitcoin works.

It is true that it was confiscated from suspect criminal activities but the government values it. Some of them are hodling it for a long time so that they can make a profit from it. They are aware that the price will appreciate which is why they are keeping these Bitcoins. They might not be pro-Bitcoin, but they know it is profitable. The recent increase in the price of Bitcoin has given the German government a profit of about $1.1 billion from their hodling, that's big money.