[LIST] Countries that own bitcoin - page 3.

lixer

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Quote from: OnlineCasinoBoard on September 22, 2021, 09:19:39 AM

If they had 700 bitcoin, it's enough for them to live like a king for the period if thousand years.And it with a conditions apply.Because we don't know, bitcoin will survive for that much years and can't be sure.Secondly he need to handover the control of bitcoin to next generation. If the handover missed out in any generation. Then everything everything get into soil.

I wouldn't be so sure about that part. I mean definitely a good amount, but who could hold it for a thousand years. I also believe that we probably won't see thousand years with the same nations. How many nations are out there with the same exact land they had a thousand years ago?

I do believe that they will keep on getting more and more in the end as well, it is just way too common for these type of big investors (even though El Salvador might be considered small nation, they are a big investor) they could totally gather more and more. This is why I believe that we should consider them getting thousands by few years time.

Oasisman

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OP should change the title into "Countries that announced and confirmed possession of Bitcoin" because as far as I know, there were several countries who owned Bitcoin but didn't publicize the amount nor it has an official confirmation about their Bitcoin possession.
There might be no other countries that follows what the El Salvador president did. Bitcoin isn't really suitable for daily transactions, people will inevitably keep Bitcoin as a store of value than spending it to essential needs.

so98nn

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This is good initiative and I will try to contribute into this thread as soon as I get to know about the news when a country owns something.

So there is one thing I guess we can do here right now, you list out all the countries in that table for now. As we move forward in the time and get to know whose buying how much you can just rank them according to what they own and how much.

I see that seized bitcoin category is already out of the option since by definition the state/government does not own it. The owner is still the one who bought it in first place. Otherwise we will end up having all the countries in the above list because somewhere some country always capturing criminals who use bitcoin.

molsewid

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Quote from: Leviathan.007 on September 22, 2021, 05:03:15 PM

The information about who owns bitcoin and which country owns bitcoin can not be exact, ever. That's the point of bitcoin, there is none who knows which country got more bitcoins. For example, China government seems to be a bitcoin hater as a communist government but we can not be sure if they are investing and using bitcoin or not, surely they are, but in multiple small wallets. There is the same story for El Salvador and the other countries, they say we bought bitcoins but this can be just some news released from their government to play with the price and their own economic system.

El Salvador was now quite known owning that huge amount of bitcoin because the government announcing it publicly that's why on the list of OP El Salvador was the only on the list but to be honest we don't really know exactly what other countries owned bitcoin. Reading the thread I was also curious about China which is I guess its impossible for the government to not consider about the huge potential of this digital finance platform also does Japan is one of the country that was open in bitcoin right.

Shenzou

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I don't really think there will be any country that is going to be declaring the use of bitcoin as it is main method, any time soon, because they will all be looking at how will affect the economy of elsalvador, and even if they do i don't think that they will be buying any bitcoin just to use it for storing, they will probably let people just use the bitcoin freely.

Leviathan.007

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The information about who owns bitcoin and which country owns bitcoin can not be exact, ever. That's the point of bitcoin, there is none who knows which country got more bitcoins. For example, China government seems to be a bitcoin hater as a communist government but we can not be sure if they are investing and using bitcoin or not, surely they are, but in multiple small wallets. There is the same story for El Salvador and the other countries, they say we bought bitcoins but this can be just some news released from their government to play with the price and their own economic system.

OnlineCasinoBoard

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Quote from: Husires on September 20, 2021, 03:36:50 PM

I know it may seem early to make such a list, but I hope it will be filled up quickly in the coming years.
Today we have the first country to announce that it owns Bitcoin.
If you have information about other countries, add it below.

\|	. Name .............................................	\|	...... Amount ...................	\|	...... Source ......	\|
\|	El Salvador	\|	.......700 BTC	\|	...Click here	\|
\|		\|		\|		\|
\|		\|		\|		\|
\|		\|		\|		\|

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If they had 700 bitcoin, it's enough for them to live like a king for the period if thousand years.And it with a conditions apply.Because we don't know, bitcoin will survive for that much years and can't be sure.Secondly he need to handover the control of bitcoin to next generation. If the handover missed out in any generation. Then everything everything get into soil.

Wind_FURY

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OP, I believe North Korea also owns hacked/stolen Bitcoin for purposes of censorship-resistance, and for their economic sanctions resistance. The main Bitcoin value proposition. Cool

Add it in your list, but put a question mark, or something indicating it as open to debate, and/or “Shower Thoughts”. Haha.

tyz

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The question is how to define "to own." Because basically, a lot of countries are in possession of Bitcoin and other cryptocurrencies through their respective law enforcement agencies through seizure. Even the USA. Most of the time, however, they are sold or auctioned off when they are obtained from illegal sources. But in a narrower sense, it means that they are at least temporary owners of these coins.

Maybe you should narrow down the question a bit. For example: Which countries own Bitcoin as government reserves?

NeuroticFish

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Quote from: examplens on September 21, 2021, 05:11:32 PM

I remember that Bulgaria seized a large amount ^213,519 of Bitcoin from criminals. It is official, I guess they still hold it.

No, they no longer own that.

On the same page, even Romania had some seized crypto for auctioning and at least at start they've been asking way more than the market price; I didn't follow the story and I don't know if it's the same money, but I see some news about crypto being auctioned successfully.

On the other hand, doesn't US have any seized Bitcoin at all? I guess that they may have some which wasn't auctioned yet...

But... I am not convinced that these numbers are worthy for that list, since these coins are supposed to be auctioned pretty fast (sometimes it does happen fast, sometimes not), while El Salvador's bitcoin is there to stay (at least as long as the current president).

Lucius

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Quote from: examplens on September 21, 2021, 05:11:32 PM

I remember that Bulgaria seized a large amount ^213,519 of Bitcoin from criminals. It is official, I guess they still hold it.

That myth of how many BTCs they actually had and whether they still have them has long since been shattered. According to the Bulgarian Finance Minister, the last sale ended in early April 2018 - although it is not known what the exact amount of BTC was.

Quote from: Lucius on June 17, 2021, 10:01:55 AM

Quote from: https://bitcoinist.com/bulgaria-not-bitcoin-1-6b-finance-minister/

The publication claims that Bulgaria’s finance minister, Vladislav Goranov, told the Prime Minister’s Security Council the sale had taken place, and that the coins were sold piecemeal so as not to crash the market.

“Several sovereign wealth funds and Asian investors” purchased the coins for around €15,000 each, with Deloitte acting as a consultant, Bivol references Goranov as revealing.

Even more curiously, “experts from the US FBI helped to ensure the safety of transactions,” the last of which occurred April 1, 2018, Goranov is reported to have said.

examplens

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I remember that Bulgaria seized a large amount ^213,519 of Bitcoin from criminals. It is official, I guess they still hold it.

Bulgarian Government Has Stated That It Owns Some 213,519 Bitcoins – Valued At Approximately 18% Of Its National Debt – That Have Been Seized From A Criminal Network.

source: https://www.coininsider.com/bulgarian-government-owns-3-billion-usd-bitcoin/

sana54210

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Quote from: Coyster on September 20, 2021, 03:48:05 PM

I'm not trying to be pessimistic here, but I think this list will take ages to get filled up, it may even take quite long to add another country to the list, this is not cause Bitcoin is not a great currency/investment option, but just basically cause governments cannot control it, thus they'll definitely be reluctant to take the path that El Salvador has taken, in the past few weeks, some government officials from other countries have openly criticized El Salvador's decision, it just goes to show what the rest of the world thinks about it.

Having said that, I expect Bitcoins rapid growth to continue, with or without governments acceptance/adoption, the thing remains that their level of control over the network remains essentially limited, thus they seek to do so through centralized exchanges and other centralized services crypto users submit their data to before using their service, I do hope that somewhere down the line, governments look beyond their quest for control and accept Bitcoin as a change/good alternative to their monotonous traditional financial system.

It may take a while to add another nation, but even just one is a huge deal. We are talking about a nation that started off with what 250? 350? Something like that and already has close to 1000 on the books (700 we know, but they do not let us know beforehand so I am sure they are working on getting more as we speak right now). It means that even El Salvador alone is a huge deal and following how it will be awesome for them would be great too.

On top of that, even if it takes time, these things do not happen overnight, it will take time to add in 2nd, but from 50th to 51th could be same, after we have 50, the 51th will come in very easily. It means that we just need to wait to grow gradually but eventually it will become better and better. When that happens, we are going to end up with something much more profitable for retail investors.

Rikafip

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Quote from: bitmover on September 20, 2021, 05:08:35 PM

The list is far larger.

United states have already seized some bitcoins from criminal activities, which they own now. I think that it is also likely other countries are doing the same:

I also found this link from Investopedia, whcih mentions United States, Bulgaria, Sweden and North Korea as hoarding bitcoin.

Imho, it doesn't make sense to include those countries on the list of those just because they temporarily own some seized bitcoin as they will sell it off anyway, like they usually do with the seized stuff. For all we know, some of those countries may sold it already.

But yeah, I think it's way too early for lists like this.

famososMuertos

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Quote from: Husires on September 20, 2021, 03:36:50 PM

...//...:

hi,
I think you should better fix up the profile of the candidates and not only leave "countries that own bitcoin," because in practical reality there are several that can be owners for various reasons (as mentioned in the previous posts). Legal currency are the keywords here.

I am optimistic in thinking the updates of your OP could well be delayed only by presidential terms.

add1ct3dd

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I think Ukraine might be the second to come on this list very soon. I can’t give you reasons why, but I’ve been seeing them on the news lately after El Salvador declared Bitcoin a legal tender. The rate at which people has been talking about this country has been really high, so there is much possibility that there might be the next country that will be considering Bitcoin.

There are also other countries too that people do mention, but this one is what they talk about the most. Although that doesn’t really determine what will happen in the future, because before El Salvador declared Bitcoin a legal assets, people have been talking about this Ukraine and then all of a sudden El Salvador took the chance.

Kakmakr

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https://www.cnbc.com/2021/08/04/irs-has-seized-1point2-billion-worth-of-cryptocurrency-this-year-.html

“In fiscal year 2019, we had about $700,000 worth of crypto seizures. In 2020, it was up to $137 million. And so far in 2021, we’re at $1.2 billion,” Koopman told CNBC. The fiscal year ends Sept. 30.

So some countries (governments) have Crypto currencies for a while and then they auction them off for fiat currency. These Crypto currencies are seized from criminal activities, so the money goes back into the government tax covers to fight crime. (Well, we can just hope)

joniboini

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I never knew China was buying some BTC, considering how they're trying hard to make sure mining and stuff like that stop. Are you sure it was not seized from criminals or illegal miners as mentioned above? If that's true then the hype would be crazy. I don't recall seeing one.

Kittygalore

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I think Cbina and USA has their share of bitcoin if my memory serves me right. They did bought a huge amount back then although I can't remember how many it is. El Salvador is doing a good job buying more bitcoin now that the prices are dipping, they will definitely benefit more when the prices starts pumping up again.

hatshepsut93

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Quote from: PrivacyG on September 20, 2021, 04:57:46 PM

I may be very wrong but I believe Bulgaria and Ukraine own Bitcoin as well, seized Bitcoins to be specific. The United States may also own some seized Bitcoins although I believe they auctioned all or most of it long time ago.

-
Regards,
PrivacyG

There was a rumor that Bulgaria holds 200,000 BTC but it has never been proved. There was also a report how Ukrainian officials hold a lot of BTC, but it's not accurate and exaggerated.

A lot of countries hold Bitcoin in a sense that it was seized from criminals, but El Salvador is the first and only country that officially bought Bitcoin.

Topic: [LIST] Countries that own bitcoin - page 3. (Read 578 times)