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coinpedia 2025-01-09 08:49:37

CryptoQuant CEO Says U.S. Entities Hold 65% More Bitcoin Than Other Entities: What’s Its Impact?

The post CryptoQuant CEO Says U.S. Entities Hold 65% More Bitcoin Than Other Entities: What’s Its Impact? appeared first on Coinpedia Fintech News CryptoQuant CEO Ki Young Ju noted that U.S.-based entities now hold 65% more Bitcoin reserves than entities located outside the U.S. This marks a new all-time high (ATH) and shows the U.S. is taking the lead in Bitcoin reserves. Perhaps this wasn’t the actual scenario before 2024, and now many are questioning what this change means for Bitcoin’s future. Bitcoin Reserves: U.S. vs Non-U.S. Entities In a recent tweet post, Ki Young Ju highlighted that the Bitcoin holdings of U.S. entities, including miners, corporates, exchanges, ETFs, and even the government, have surged in comparison to their non-U.S. counterparts. U.S. entities' #Bitcoin reserve share hit ATH, now 65% higher than non-U.S. entities. pic.twitter.com/SSgotY6RL8 — Ki Young Ju (@ki_young_ju) January 9, 2025 Over the years, well-known American companies like MicroStrategy have been purchasing Bitcoin regularly and adding it to their balance sheets. However, the ratio of Bitcoin held by U.S. entities has risen from 1.24 in September 2024 to 1.65 by January 6, 2025. This indicates that U.S. entities now control a far larger share of Bitcoin reserves compared to non-U.S. entities. As more U.S. companies and institutions get involved with Bitcoin, it is clear that the U.S. is taking a leadership position in the digital asset market. Change In Market Dynamics Interestingly, until 2023, non-U.S. entities controlled more Bitcoin than those in the U.S., especially when Bitcoin’s price remained below $30,000. Things began to change when President Donald Trump supported crypto during his re-election campaign, pushing Bitcoin’s price to hit ATH $108,135 . This price jump also helped U.S. Bitcoin ETFs grow , with billions in new investments. Major ETFs like BlackRock’s and Fidelity’s played a key role in this change. Why Is This Important? This U.S. dominance has sparked interest in other countries, like Russia and Poland, which are considering their own Bitcoin reserves. However, economist Peter Schiff has criticized this move and warned of massive price crashes. Moreover, as the U.S. becomes a bigger player in Bitcoin, the country’s regulations and policies will play a crucial role in determining the future of Bitcoin worldwide.

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