Post
Topic
Board Bitcoin Discussion
Re: Bhutan sudden purchase of Bitcoin
by
Z-tight
on 25/10/2024, 14:12:07 UTC
Wait, does that mean that some of the coins owned by some countries are seized assets? I actually had no idea about that
I actually thought they were all purchased by the government for future purposes or something like that
Well, I guess I've learnt something new today
Take note that BTC is decentralized, so you will find it hard to see a government that wants to purchase BTC, almost all of the countries that hold BTC confiscated it from criminals, illicit dealers and seized services, they didn't invest in BTC. That is why they auction it off or sell it when they choose, they really do not have any desire to store BTC.