โข As of February 2025, the United States government has accumulated approximately 207,189 #Bitcoin ( $BTC ), valued at around $20.6 BILLION Dollars!!! This stockpile mainly comes from seizures tied to criminal activities since 2013!๐ค
Now that we have this information,๐ letโs dive deeper into the USBitcoinReserves, but letโs do so in a way thatโs completely legal and so not tied to criminal records!๐ค
โข States like Texas, Ohio, Pennsylvania, and North Dakota are taking steps to either propose or implement legislation that would allow them to invest part of their treasury funds in #BTC.โ
โข On a federal level, there are ongoing discussions about the possibility of creating a national Bitcoin reserve. In July 2024, U.S. Senator Cynthia Lummis put forth a bill aimed at establishing a strategic reserve for Bitcoin. Furthermore, the #TRUMP administration has made it a priority to assess the viability of such a reserve, with David Sacks, the White House's AI and crypto czar, highlighting its significance.โ
โข Nevertheless, some critics warn about the dangers of Bitcoin's price fluctuations and the risk of centralizationif large quantities are controlled by government bodies.๐ง
Conclusion:๐ค
โข While the US holdings of Bitcoin accumulated from criminal activities are not an official strategic reserve, political discussions about formal USBitcoinReserves have intensified at both the state and federal levels.๐
Market Update of the past 48 hours:๐
โข Bitcoin #BTCโ๏ธ is on a slow but steady upward trajectory! After hitting a low of $91,231 on February 3rd, BTC reboundedimpressively to $102,500, though it has since slipped a bit to its current value of $98,582, marking a slight decline of 0.65% in the last day. Analyzing the technical cycles, Bitcoin has recovered and is gearing up to reach its next all-time high.๐
โข The trading volume in USDT for the past 24 hours is 3.41billion.๐ช
โข All-Time High: $109,588 reached on the 20th of January 2025.๐ค
๐Trading Advice: If you're thinking about making a purchase for a short-term or a long-term trade, it's wise to keep a close eye on the market. Pay attention to the 1h and 15m charts, along with the 24h volume, MACD, and RSI. Observing these indicators for a period of 1-4 hours for short-term trading and to 2-3 days for long-term trading can help you lock in a better price.โ
๐จAttention: Please keep in mind that cryptocurrency investments and trades always come with risks, and market conditions can change quickly! If you enjoyed the article/post, it is greatly appreciated if you would share your thoughts in the COMMENTS, give it a LIKE and please FOLLOW for more insights, research, analysis, and trends related to cryptocurrencies! Wishing you all lots of success for the CryptoTrends2025!๐
Access more information and details waiting for you here:๐ค
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#USBitcoinReserves #Bitcoinโ
