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Edge assets counterattack! BTC promoted to strategic reserve asset, is your wealth layout keeping up?
Author: Tina Editor: Xiaolu Recently, the encryption market has been affected by Unfavourable Information such as the US government selling BTC, Mt. Gox compensation, etc. The price of BTC once fell below $63,000, and the drop in AltCoin was even more alarming. So, will the US government dump all the BTC it holds? How much BTC does the US government still hold? Let's start with the recent BTC conference. First, BTC Strategic Reserve Plan At the recent BTC conference, Trump announced the BTC strategic reserve plan, stating that once elected, the U.S. government will 100% reserve its BTC holdings and will not sell them. According to the data statistics of the arkham platform, the US government currently holds more than 200,000 BTC, accounting for nearly 1% of the total BTC supply. The United States is the country with the largest amount of BTC holdings among all countries. In addition to the United States, countries such as the United Kingdom, Ukraine, and El Salvador also hold a certain amount of BTC, and El Salvador has also designated BTC as a legal currency and insists on Auto-Investing 1 BTC every day. After Trump announced the strategic reserve plan, US Senator Cynthia Lummis, who attended the recent BTC conference, stated that she will draft a bill requiring the government to purchase up to 200,000 BTC annually for 5 years, totaling 1,000,000 BTC. These BTC will be held for at least 20 years and primarily used to repay federal debt. Subsequently, the sale of assets within any two-year period shall not exceed 10%. In this plan, it is mentioned that the reserved BTC can be used to repay the federal debt. As we all know, the volume of federal debt in the United States is very large. If we can hold 1 million BTC, with the violent rise of BTC in each round, it will greatly alleviate the pressure for Americans to repay their debts. This is a good strategy for repaying US debt. Leader in the encryption market The United States is not only an economic and military power, but also remains at the forefront of the encryption market. The United States has the highest proportion of Cryptocurrency users, and a large number of risk investments, talents, innovations, etc. in the encryption market basically come from the United States. Therefore, the Cryptocurrency policy of the US government is affecting the relevant policies of other countries or regions around the world. For example, after the SpotBTC ETF was approved by the SEC in the United States, other countries or regions around the world have also followed suit. The Hong Kong region has also launched the SpotBTC/ETH ETF fund. Similarly, in response to Trump's speech at the BTC conference, Wu Jiezhuang, a member of the Hong Kong Legislative Council, stated on July 28th on platform X that BTC and Web3 are important nodes for global development and should be encouraged for global collaboration. In addition, in the future, it may be considered to include BTC in the region's strategic fiscal reserves under compliance conditions. Under the leadership of the United States, more countries or regions will follow the US Cryptocurrency policy in the future, vigorously promoting the global compliance process of BTC, and more countries/regions will also announce BTC as a strategic reserve asset. From being ignored to becoming a strategic reserve asset, how did BTC come to this step by step? Three, BTC: From Peripheral Asset to Strategic Reserve Asset When BTC was just born, it was only a very niche market, and only geeks were playing. With the continuous development of BTC, its value continues to be discovered, and the tenfold and hundredfold increase has attracted more and more investors to join in. Some investors who see the future value of BTC have begun to include it in their own investment portfolios, and even in their family's investment portfolios. With the further development of BTC, some listed companies have also seen the huge future value of BTC, such as the well-known MicroStrategy. In 2020, MicroStrategy became the first publicly listed company to adopt BTC as part of its capital allocation strategy, with its co-founder and chairman Michael Saylor being one of the most steadfast supporters of BTC. With the purchase of MicroStrategy, the current amount of BTC held by MicroStrategy has reached over 200,000, almost catching up with Grayscale's holdings. According to Bitcoin Magazine, MicroStrategy recently raised $2 billion to buy more BTC. MicroStrategy's strategy saved the company. While its main business was declining, after continuously buying BTC, the company's stock price not only had a big pump, but also brought considerable returns to the enterprise. Before the launch of SpotBTC ETF, several asset management giants indirectly invested in BTC by purchasing MicroStrategy's stocks. With the success of MicroStrategy, there are more imitators, such as Metaplanet, known as the Japanese MicroStrategy, which was originally a Web3 infrastructure provider. In mid-May, it announced that BTC would be used as a strategic reserve asset, and the stock price also had a big pump. At the end of May, Semler Scientific, a medical technology company in the United States, also announced that it would use BTC as its main treasury reserve asset and purchased 581 BTC. After the news was announced, the company's stock price big pump 30%. At the recent BTC conference, the boss of Semler Scientific said he would sell more shares to buy BTC. MicroStrategy also announced a partnership with Bitcoin Magazine to encourage more companies to buy BTC. At the recent BTC conference, the boss of MicroStrategy said: "Until August 10th this year, it will be 48 months since we embarked on this journey. Currently, many companies are trying to imitate chip manufacturer Nvidia. However, interestingly, it is easier to imitate MicroStrategy. I have given you the script." It can be foreseen that there will be more 'MicroStrategy' in the future, and more companies will choose to add BTC to their balance sheets. Now, the status of BTC has been elevated, under the leadership of the United States, more countries/regions will consider it as a strategic reserve asset. In short, the development pattern of BTC has undergone significant changes, evolving from the initial marginalization of Digital Money to becoming a globally prominent foundational financial asset, gaining increasingly widespread Consensus. In the future, more individuals, families, businesses, and even countries will consider BTC as an important strategic reserve asset. P.S This article does not constitute any investment advice