Samson Mow, the CEO of Bitcoin-oriented technology company Jan3, is of the opinion that the US has a legitimate reason to increase its BTC companies.
MOW says on the social media platform X that some crypto investors find the Strategic Bitcoin Reserve (SBR) Underwhelming, since the executive Order of President Trump largely focuses on not selling the seized BTC of the government.
“Some bitcoiners say that the strategic Bitcoin reserve does nothing because it is simply confiscated and there is no buying.”
But MOW says that the creation of the SBR is enormous and has activated “the real race for the adoption of nation states bitcoin.” He also says that a full audit of the Bitcoin Trove of the government will reveal that the US is not the best BTC holder per country.
“It is likely that the US has 112,000 BTC or less because 95,000 belongs to Bitfinex and will be returned.
It does not have the 207,000 to 220,000 BTC number that many news sites usually last. This would bring China to the pole position with 194,000 BTC. “
In 2016, the Crypto exchange BitFinex lost around 120,000 BTC after a huge security incident. The US government has seized 95,000 BTC tied to the hack.
According to MOW, the US government will not allow the world where China has the largest Bitcoin supply.
“Now you can imagine why that will not be acceptable. Because Bitcoin is considered strategic, the US will want to have the most – there will certainly be an audit of the offer and then add it.
The competition is good for Bitcoin. “
At the time of writing, BTC is worth $ 86,388.
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