Governments Go Crypto Crazy: CZ Stirs Up Bitcoin Frenzy!

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Comrades, gather round! The great Changpeng Zhao, the Binance boss himself, has once again set the crypto world ablaze with his bold proclamations. 🔥 The latest catalyst? A proposal from the Czech Republic’s central bank to allocate a whopping 5% of its national reserves – a cool $7.3 billion – into the digital gold, Bitcoin. 💰

Zhao, never one to mince words, has long suggested that governments are moving beyond passive observation and actively considering Bitcoin as a strategic reserve asset. And it seems the race to establish sovereign Bitcoin holdings has already begun, with policymakers around the world taking note. 🏃‍♂️

In Switzerland, lawmakers have even gone so far as to propose integrating Bitcoin into the country’s constitution, while Hong Kong and Chile are also exploring the idea of incorporating BTC into their fiscal reserves. 🇨🇭🇭🇰🇨🇱

Imagine being the last government to buy… 😂

— CZ 🔶 BNB (@cz_binance) January 29, 2025

As the global economy shifts and traditional financial systems struggle, governments are taking a fresh look at Bitcoin, seeing it not just as a way to make money but as a strategic financial tool. 💼

Top countries by Bitcoin holdings right now

The United States leads the pack with a whopping 207,189 BTC, worth about $21.48 billion, mostly from criminal asset forfeitures. China is close behind with 194,000 BTC worth $20.11 billion, mostly from seizures like the PlusToken Ponzi scheme. 🇺🇸🇨🇳

And the United Kingdom? Well, they’ve got 61,000 BTC, worth about $6.32 billion, and most of that was seized during cybercrime investigations. 🇬🇧

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2025-01-29 19:29