This article was originally published by Austin Litman on Proofofwork.ca
US government might be secretly amassing bitcoin more than any other entity. It’s no surprise though. If Bitcoin truly is the best money humans have ever made, it would mean the USA is all over it like oil.
Well, they secretly are. They keep it a “secret” by not saying anything to the public, but anyone can check the data since it’s open source.
The USA owns over 33% of Bitcoin’s mining. They own 50,676 Bitcoin, and Ukraine owns 46,351 Bitcoin.
Related reading : Government of USA Is Amassing Bitcoin More Than MicroStrategy and Tesla Combined
Why is Ukraine in 2nd place? Because the USA is funding Ukraine for the war. Bitcoin is faster than the dollar to send to people and much cheaper.
Another way the USA accumulates Bitcoin is by shutting down exchanges. Did you know the Founder of FTX (Sam Bankman) was the 2nd largest donor to The Democratic Party? ($40 million).
Yesterday, the Wall Street Journal published a puff piece on Sam (link below). Elon Musk replied, “Yea umm … that is definitely not the reason it failed”, and there are tens of thousands of other comments too. Since Sam Bankman, founder of FTX, was the second biggest donor to the democratic party, the mainstream news is heavily incentivized to continue posting puff pieces.
The end goal is simple. Accumulate the most Bitcoin.
