➢ 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!🤑
Now that we have this information,👍 let’s dive deeper into the USBitcoinReserves, but let’s do so in a way that’s completely legal and so not tied to criminal records!🤓
➢ 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.✅
➢ 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.✅
➢ Nevertheless, some critics warn about the dangers of Bitcoin's price fluctuations and the risk of centralizationif large quantities are controlled by government bodies.🧐
Conclusion:🤓
➢ 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.👍
Market Update of the past 48 hours:📊
➢ Bitcoin #BTC☀️ 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.🚀
➢ The trading volume in USDT for the past 24 hours is 3.41billion.💪
➢ All-Time High: $109,588 reached on the 20th of January 2025.🤑
📊Trading 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.✅
🚨Attention: 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!👍
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