The US continues to make confident and determined moves regarding the strategic Bitcoin reserve.
While many countries follow the example of the United States and do research on BTC reserves, the United Kingdom has closed the doors to the Bitcoin reserve issue.
Accordingly, the UK Treasury Department stated that there were “no plans” to create a US-style Bitcoin reserve.
“Bitcoin and other crypto assets have historically been volatile assets compared to stable fiat currencies such as the US dollar and commodities such as gold. This volatility makes BTC less suitable as a reserve asset for the UK,” a Treasury spokesperson said.
Among the countries with the most Bitcoin, the UK ranks third with 61,000 BTC. Outside of the UK, China ranks first with 194,000 BTC, followed by the US with 112,189 BTC. El Salvador follows with more than 6,000 Bitcoins.
*This is not investment advice.
