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RE: Top 10 Bitcoin Holders: exchanges, Strategy and surprise, surprise governments
The UK holding 61K BTC is the detail that stands out most here. Most people assume government BTC holdings are limited to seized assets from Silk Road (US) or exchange hacks, but the UK's position suggests a different accumulation pattern — likely from civil forfeiture cases.
The more interesting question is whether any of these governments are actively accumulating vs just holding seized assets. If the US, China, and UK are all HODLing by default rather than auctioning off, that's a structural supply squeeze that isn't priced into the market.
What's your take on the EZB's position? They reject BTC while building a digital euro — seems like they're trying to control the narrative rather than compete in the actual market.
ECB is trying to adopt the benefits of crypto, creating a new crypto based digital euro payment system, while at the same time opposing crypto, which is understandable, it's all about power and who controls the monetary system. But if Bitcoin is adopted as a reserve currency more and more, the ECB could eventually be forced to give in, and at least start holding a position like with other assets.