The U.S. government possesses cryptocurrency assets valued at an impressive $15 billion. This amount includes various confiscated cryptocurrencies. Mainly these assets consist of Bitcoin (BTC) valued at $14.8 billion, with Ethereum (ETH) also present at $157 million and a smaller amount of DAI worth $5 million.
These substantial cryptocurrency balances did not accumulate overnight in the government's assets. There is a tendency to retain these assets without haste in selling them, indicating a strategic approach to managing these resources.
It is also important to mention the Bitcoin halving, which occurs every four years and results in the mining reward being cut in half. According to experts, this process slows the issuance of new bitcoins and may contribute to an increase in demand and a rise in the price of this cryptocurrency.
Additionally, it is worth noting that a bull market is currently underway, which began several months ago. This period is characterized by a steady increase in cryptocurrency prices and optimism among market participants, creating a favorable environment for investment and further development of the cryptocurrency ecosystem.
A lot of companies also started to buy some amount of digital assets. Collect & Exchange can help you with exchanging FIAT to Crypto and vice versa. You can open an account for less than a minute, proceed with verification and you will be able to join the digital assets world and be one of the holders of popular cryptocurrencies nowadays.
