Topic: [LIST] Countries that own bitcoin (Read 578 times)

I am eagerly awaiting for the second entry by OP into the list.

I believe some country must be accumulating as much as bitcoins they prefer but the only thing is they need to declare it. We can expect such declarations in very near future as accumulating bitcoins does not need to be having plans to be used as a legal tender. But, might have plans to be having as part of their central banks' reserve along with gold.

Yeah in my opinion, bitcoin is going to achieve such kind of milestone any time soon which must be a greater thing to have for all the bitcoiners for sure.

We have to think that basically governments can't control it, so they will certainly be reluctant to follow the path that El Salvador has taken, in the last few weeks several government officials from other countries Others have openly criticized El Salvador's decision. So the adoption of bitcoin by El salvador has increased demand for the cryptocurrency under this new law, bitcoin will now be legal tender in all transactions. finance and this makes El Salvador one of the leading countries in bitcoin ownership and the spread of bitcoin is quite strong.

The list will grow to a super high level eventually, but it will not be overnight, it will not be like suddenly we will have 10 nations. Let's wait and see how it is reflected on El Salvador, I wonder how that will happen. I get that it is good right now, we have seen the increase from 40k something's when they first bought versus 60k+ right now and "nearly" broke ATH price (might even broken it by the time you read this) and that's why I believe that we are getting good returns for El Salvador citizens right now.

However, it needs to be a lot more for other nations to do the same. Micheal Saylor actually had this kind of advice to Turkey I believe, can't remember the nation, which was like "buy 5 billion dollars worth bitcoin now and put it in your treasury, it will be 50 billion dollars worth in under 10 years" or something like that, which is a great advice for every nation.

I tried opening the source but as we have in my country now, Twitter has been banned which made me not have access to the information but for me, I will add the United States to the list of the countries that own Bitcoin.

I'm almost sure the governments of different countries have a lot of bitcoins in reserve. I mean, central banks have private keys of many addresses filled with BTC coins to overflowing.

Law enforcement representatives are obliged to publish only the amount of coins seized from criminals. Typically, this number is not huge, so my guess is that governments additionally buy BTC coins on cryptocurrency exchanges or OTC markets using the accounts of individuals they trust.

To be honest, I doubt governments will ever openly disclose the true amount of coins they own due to the pseudo-anonymous nature of Bitcoin. I envision that these funds will be treated as an emergency reserve that can be spend to securely transfer funds during hard times.

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@OP, This is a good initiative to build a list of countries that own Bitcoin. Perhaps not only El Salvador will soon announce its investment in cryptocurrencies.

Right now, it's not possible for many countries to announce about this but as we have few countries openly announces and doing some soft policies about bitcoin and crypto hopefully in near future we will have some good news about this and many countries openly able to have bitcoin in reserve like Gold.

Future is bright and good for this as now mass adoption is doing very good and many big technology related companies and countries are had better ideas few months back I read few eastern European countries also having bitcoin in their reserves, but they also never disclose openly about this but hopefully this all will happen.

also, i don't think some of these countries who already owned bitcoin will disclose their holdings to the public. i believe, we have more than El Salvador who is buying btc for their stash. and this is the reason why the OP has only El Salvador in his list so far. do you think these countries will publicly announce their crypto holdings? right now, i don't think so.

It is not about the people who are in the nations that are making bitcoin investments, it is about the government itself buying bitcoin because that is the important part. Right now, there are some north European countries that have some stocks in some companies that have crypto investments, but that is about it honestly right now. The reality is that we only have El Salvador as the "government buys bitcoin" and nothing else has happened like that.

I believe it will happen in the future but right now it has not happened. The super wealthy people that end up investing into crypto doesn't matter since that would be nearly every single nation, we have those type of people from every nation.

I guess Russian and USA  should be in the list among the countries that own bitcoin because those two countries has raised many bitcoin professional investors in the community. They are good in investing on long term and short term investment over some years now which they have achieved so much from bitcoin investment than any other countries in the world. Government make bitcoin legalized in the country that is giving their citizens to have free access to bitcoin investment in the community, to use it positively in all their businesses in the country. Many of their investors are still buying bitcoin to hold for future profit making based on what some researchers has said about massive pumping of bitcoin that is  about to start before the end of this year 2021.

countries that have not legalized bitcoin I don't think they will publicly announce that they hold bitcoin, because it will have a wide impact on their people. this is different from elsalvador which has officially legalized it so there is no problem if the state treasury is announced in the form of bitcoin

Yeah, the Silk Road stash--and who knows how much bitcoin they've seized from other criminal cases that haven't been front page news?  Law enforcement seizes money all the time from drug dealers, and if I had to guess I'd say it's likely that various LE agencies in the US have control of crypto wallets they've acquired from illegal activities.

But that's much different than what OP is talking about.  El Salvador actually invested in bitcoin (or at least bought it for a specific purpose, which I think was to fund ATMs in part), and they were the first country to do something like that as far as I know. 

I'm rolling my eyes at that post as well, and I apologize for repeating what you wrote about El Salvador's situation being different than bitcoin seizure.  Just put that idiot on ignore, because he has a habit of writing incoherent nonsense.

It'd be really cool if countries started buying up bitcoin, but I wouldn't really want my government spending taxpayer dollars on a significant amount of it unless they had a very good reason for doing so--and my opinion is based solely on bitcoin's volatility.  MicroStrategy might be iconoclastic by snapping up btc for its treasury, but they're taking a huge risk that could backfire.  None of us want it to, but if you've been into bitcoin for a few years, you know the price swings and prolonged bear markets can be morale-crushing to some.  If it were to seriously tank, that would be a massive hit to MSTR's balance sheet, and if we're talking about a government, they'd be losing their taxpayer's money (though even 700BTC is a fairly small amount relative to a decent-sized country's economy).

Now this list is going very long even too many countries officially not accepting and in few countries having ban but their officials holding some good number of bitcoins because they understand all about this and saving their money with this way but still bringing some policies which are not good for their peoples as they also want to use bitcoin.

Recently we have some good views about this from developing countries, hopefully they will also jump into this with some better and positive policies they need to have this in reserve as well because this is also can work for them as they are having with Gold.

What about countries that seized bitcoins from people, should we also count them as countries that owns bitcoins? Just asking this because I know of a few countries that are hoarding bitcoins they seized in one or the other. Although the case of El Salvador may be something different because their government actually invested money in bitcoin, and not by confiscating it. Other countries that possibly might be holding bitcoin by now are United States, North Korea, Bulgaria, and Sweden. These countries were once in possession of bitcoin, but I can’t tell if they are still holding these coins or not.

Yes it's true that the Bulgarian Governemnt seized a large amount of bitcoins from criminals but I don't think that they're still holding that amount up to now because if I'm not mistaken they already sold it on the auction few years ago.
While El Salvador is the first country to make bitcoin a legal tender officialy, still there's a long path to maintain that statement because their president isn't gonna be long on the throne. Also, there are some countries who already owns bitcoin like China, USA and Russia but they didn't state it publicly because they can't afford that the people will know where that funds goes to.

From my point of view, El Salvador has been transparent in pointing out its holding of bitcoin. Which means that within Bukele's mandate, the nation's bitcoin should be well managed. Now, what will happen to the bitcoin of El Salvador? when Bukele leaves power. The next president should continue the good management, he would have to do an exceptional job and not lose the great effort that the Bukele presidency has achieved.

You, like many others, do not read other people's posts or read them, but for some reason, you do not understand what is written in them. It is sad that I have to repeat things over and over again and still have someone claim that Bulgaria or China own Bitcoin. Please start reading with understanding, if some country seized BTC and sold it, then it has nothing to do with what El Salvador did.

This is a post in this thread, are some things clearer to you now?

https://bitcointalksearch.org/topic/m.58022075

But wasn't there a list back then about who is owning the most bitcoin and I saw China in there so that can only mean that they're also a country that has bitcoin in their possession plus if we know the amount, that can only mean that it's a public knowledge thus it's acknowledged.

One very important difference between El Salvador and all the other countries of Central and South America should be emphasized, and that is the political leadership that in El Salvador was fully in agreement on legalizing Bitcoin as a legal tender, as opposed to all other countries where we talk about a few politicians who do not have the power to do something concrete. Also a very important fact, El Salvador has not had its national currency for 20 years, all other countries have (except Panama and Ecuador - US dollar).



As a legal tender? Well, both countries you mention are part of the European Union and the Eurozone, and they can't just declare Bitcoin as a legal tender without deciding on it at the highest instances of the EU. Besides, if you had read the article to the end, you would have seen that Malta is mentioned as a candidate - but with a very clear observation.

Perhaps now after El Salvador, Latin American countries will follow him, in fact Paraguay, Mexico, Panama and even Venezuela are studying adopting it. I think the reason why they manage to adopt it is because their economies tend to be more unstable than in the US and Europe.

Source: https://www.proactiveinvestors.co.uk/companies/news/952102/bitcoin-adoption-which-countries-could-follow-el-salvador-952102.html

I think that one of the countries in Europe that can adopt BTC the fastest can be France and Spain, of course I imagine that they will put some regulations to do so.

I really appreciate that when Bulgaria seized the bitcoin that they chose to hold it during the ongoing criminal investigation. As if the entire bitcoin ledger isn't publicly available.