For the most part, the narrative surrounding government organizations and bitcoin is that they want no part of cryptocurrency. In fact, they are even threatened by it. But just how true is this sentiment? Some conspiracy theorists believe that not only are governments pro-crypto, but they are using it themselves to get rich.
THE UNITED STATES GOVERNMENT HAS A HUGE STASH OF BITCOIN
How much Bitcoin does the U.S. government really own? No one knows for certain. However, we do know they have a lot. There is proof of this from billionaire venture capitalist Tim Draper. Draper bought around 30,000 BTC back in 2014 from a government auction. That’s right, a government auction. Draper eventually went on to make millions from the purchase but it leaves one to wonder just how much BTC the government has if they’re willing to just auction it away like a used car.
DOES RUSSIAN GOVERNMENT ALSO HAVE BITCOIN?
According to a few different sources, U.S. sanctions on Russia is causing the country to invest in Bitcoin for other means of revenue. At the moment, this is nothing more than a theory but if it’s true, then it will have a huge impact on the market. If the country is going to start using bitcoin as a part of their foreign reserve strategy, then that could add a potential $4.6 billion into the market.
HOW TO PROTECT YOUR BITCOIN FROM THE GOVERNMENT
Are you worried that once you sell your Bitcoin, the government will buy it all up and keep it from the people? That’s not a problem anymore. Thanks to platforms like YouHodler, you can put up your BTC as collateral in exchange for a cash loan. Use this cash to strengthen your portfolio, even more, repair your bitcoin mining equipment or whatever else. Once the loan is paid back, you get your crypto back safe and sound.
Featuring the highest loan to value ratio and the lowest interest rates, this platform is a fantastic way to get cash without any government intervention. Simply sign up, verify your identity and you’re ready to go. Make sure you keep your portfolio safe from the government before it ‘s too late.