The post Countries with the Highest Bitcoin Holdings in 2024 appeared first on Coinpedia Fintech News
The government of a country may have Bitcoin as a reserve asset. Governments worldwide own an estimated 569,070 Bitcoins, which amounts to 2.69% of the total supply. In 2021, El Salvador became the first country to make BTC a legal tender and mandated all local businesses to accept payments in BTC. According to the experts, the lesser developed countries could use Bitcoin ownership as a strong driver to establish a vibrant ecosystem and create infrastructural solutions to facilitate the integration of cryptocurrencies into the real economy.
Bitcoin ownership by countries can promote wider crypto distribution and reduce crypto concentration, thus fostering a more democratic ownership pattern. In this report by Coinpedia, we have compiled a list of top countries holding Bitcoin in 2024. Let us see who holds the most of it!
How do Governments Acquire Bitcoin?
A recent report
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