- The Chinese language govt holds more BTC than MicroStrategy.
- If China sells its holdings, the designate of BTC and your entire market will most likely be affected.
- It is a long way believed that the selloff at some level of the Ponzi device triggered the market and BTC to suffer.
After seizing 194,775 BTC at some level of the unfriendly PlusToken rip-off, the Chinese language govt owns more Bitcoin than MicroStrategy.
About $3.9 billion is the entire market designate of the BTC held by the Chinese language Government, which is 1% of the entire Bitcoin holdings.
In a Twitter thread on Wednesday, Ki Young Ju, the CEO of CryptoQuant, published a itsy-bitsy bit-identified indisputable fact that the Chinese language govt possesses more Bitcoin than Michael Saylor’s MicroStrategy which is one amongst the world’s greatest Bitcoin whales.
FUN FACT: Government of China