75% Of Bitcoin Hasn't Moved In Over 6 Months, Signaling Strong HODLing Trend
https://www.zerohedge.com/crypto/75-bit ... ling-trend
Bitcoin ETFs now hold more than one million of the tokens or about 5% of what currently exists.
That’s in the same ballpark as the amounts that have long been frozen in the wallet of the market’s original whale: The cryptocurrency’s anonymous and enigmatic creator known as Satoshi Nakamoto.
Senate ally of Donald Trump’s pushes to pass a bill that would require the US Federal Reserve (Fed) to sell some of its gold in order to fund the purchase of one million bitcoin for a US government stockpile.
Michael Saylor’s software company MicroStrategy is sitting on about US$38bil worth of the tokens.
The potential creation of a US national stockpile of the cryptocurrency could trigger more governments to buy up bitcoin.
On paper, the Fed has plenty of gold – about US$690bil worth at current market prices – to sell to purchase a proposed quantity of bitcoin currently valued at almost US$100bil.
200,000 bitcoin that the government already holds following asset seizures.
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