Bitcoin $84,933.38 Samson Mow, CEO of Jan3, a focused technology company, announced that the US strategy of increasing Bitcoin reserves plays an important role in international competition. According to Mow, the strategic Bitcoin reserve created with Bitcoins confiscated by the US government accelerated the race of digital assets between states. Stating that some investors question the functionality of the reserve, Mow said that the amount of Bitcoin in the US may be lower than predicted. Emphasizing that China can come to the fore with 194,000 BTC, Mow said that the return process of 95,000 BTC belonging to Bitfinex may also affect the reserve accounts.
US Bitcoin Reserve Discussions
Samson Mow said that the US Bitcoin reserve in the hands of the US could be 112,000 BTC or less. This figure is below previous estimates. The fact that most of the reserve consists of confiscated assets brought together the queries of “functional” in some circles. Mow responded to controversy, arguing that reserve is critical in terms of national security and economic strategy.
Following the loss of 119.754 BTC in Bitfinex in 2016, 95,000 BTC seized by the United States is an important part of the reserve. However, the probability of the BTCs in question may directly affect the amount of reserves. Mow said that this uncertainty shaped the US’s reserve expansion plans.
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Bitcoin strategies in global competition
Samson Mow argued that Bitcoin competition between the US and China could change global economic balances. Stating that China may have the largest reserve with 194,000 BTC, Mow said that the US accelerated the control and new seizure processes to increase the reserve. It is observed that the two countries adopt different approaches in digital asset management.
According to Mow, the management of the reserves is as important as the size of the reserves. The possibility of using the US Bitcoins as a strategic weapon may force other countries to take similar steps. This has the potential to create both opportunities and fluctuations in the crypto money market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
