In the past few decades, the domestic government has seized and sold approximately 400,000 to 600,000 bitcoins, while bitcoin truly emerged in the country around 2013. At that time, 10 million bitcoins had already been mined by foreigners, and many ancient OGs were in the United States. Considering the bitcoins sold in the Chinese-speaking area over the past two years, as well as the assets of various bitcoin reserve companies and the number of bitcoins seized and locked by the government, over 50% of the circulating supply of bitcoins is currently in the United States, and it is even possible that there is more.
For sovereign countries to issue reliable and financially complete stablecoins, it is necessary to accumulate a certain amount of bitcoin as a monetary guarantee.
The domestic central bank aims for the RMB stablecoin to achieve a complete financial attribute, and it should now stop absorbing that broken thing called gold and instead accumulate bitcoin. Establishing a reserve of about 1 million bitcoins is the primary task. (Even the unusable Russia is vigorously accumulating BTC and expanding the on-chain market.)
The financial attributes of stablecoins and cash may seem similar, but in reality, they are worlds apart.
$BTC $ETH $LDO #btc #eth #ldo
For sovereign countries to issue reliable and financially complete stablecoins, it is necessary to accumulate a certain amount of bitcoin as a monetary guarantee.
The domestic central bank aims for the RMB stablecoin to achieve a complete financial attribute, and it should now stop absorbing that broken thing called gold and instead accumulate bitcoin. Establishing a reserve of about 1 million bitcoins is the primary task. (Even the unusable Russia is vigorously accumulating BTC and expanding the on-chain market.)
The financial attributes of stablecoins and cash may seem similar, but in reality, they are worlds apart.
$BTC $ETH $LDO #btc #eth #ldo