Based on the previous news mentioning that the United States holds 40% of the total Bitcoin supply, the news also reported that 30% of Bitcoin is lost.
This means that the United States effectively holds 57% of the Bitcoin supply, which can almost be said to represent Bitcoin completely becoming a subordinate of U.S. debt.
#BTC
A news report shows that the total BTC held across the United States has reached 8 million, accounting for 40% of the total BTC supply.
Currently, although the U.S. government does not require institutions or exchanges to hold U.S. Treasuries in proportion to their BTC holdings, there are regulations requiring stablecoins to be backed by U.S. Treasuries.
This suggests that, with 40% of Bitcoin already held in the U.S., Bitcoin does not necessarily need to become a strategic reserve for the U.S.; rather, the regulated stablecoins are more important.
In other words, holding stablecoins requires proportional backing with U.S. Treasuries. Given the 40% holding in the U.S., when Bitcoin continues to rise significantly in the future, this group will inevitably need a very large demand for stablecoins when they want to exchange back.
Holding a large amount of stablecoins will require issuing more stablecoins and purchasing more U.S. Treasuries.
Therefore, it seems that the ultimate beneficiaries will be the U.S. Treasuries.
#BTC
#USTreasuries
10.33K
6
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.