This article examines US and UK actions on strategic bitcoin reserves and current BTC distribution among countries.
US Position on Bitcoin Reserves
The US continues to make strategic moves towards establishing a bitcoin reserve, examining its long-term significance.
UK Decision
The UK has decided not to follow the US example, closing the discussion on creating a bitcoin reserve. A Treasury spokesperson stated, “Bitcoin and other crypto assets have historically been volatile compared to stable fiat currencies like the US dollar and commodities like gold. This volatility makes BTC less suitable as a reserve asset for the UK.”
Bitcoin Ownership Statistics
In the ranking of countries by bitcoin holdings, the UK ranks third with 61,000 BTC. China leads with 194,000 BTC, followed by the US with 112,189 BTC. El Salvador comes fourth with over 6,000 bitcoins.
Current country decisions on bitcoin reserves highlight different approaches to managing and evaluating cryptocurrencies as strategic assets.
