Does the US Govt Really Control the 5th Biggest Bitcoin Wallet? Why though?

Adekunle Joshua

The US government is one of the largest Bitcoin holders in the world, with more than 200,000 BTC.

The US government has recently seized a massive Bitcoin wallet containing 94,643 BTC, worth $2.46 billion.

This wallet is linked to the 2016 Bitfinex hack, in which approximately 120,000 BTC were stolen.

The US government’s large BTC holdings could pose a threat to the price of Bitcoin if they were to sell them all.

Some US presidential candidates, such as Donald Trump and Ron DeSantis, are open about their support for cryptocurrency.

Trump has more than $2.8 million worth of cryptocurrency stored in an Ethereum wallet.