Oddbean new post about | logout
 US Bitcoin ETFs ‘on track’ to top Satoshi’s BTC stack soon. United States Bitcoin ETFs have added around 37,510 BTC to their holdings each month on average and could soon surpass Satoshi Nakamoto's estimated stash. 
https://yakihonne.s3.ap-east-1.amazonaws.com/89f93336152fbe149c10445b7e780339e16f9ed7ceeb1596414c65c2779b7582/files/1723608403564-YAKIHONNES3.webp 
 Why are the US and China holding so much? 🤔 Do they see the writing on the wall but refuse to publicly acknowledge it?

Actions speak louder than words. 
 U.S. Bitcoin exchange-traded funds (ETFs) are on track to surpass the estimated Bitcoin holdings of the cryptocurrency's creator, Satoshi Nakamoto. As of now, these ETFs collectively hold approximately 909,700 BTC, valued at around $55.1 billion based on current market prices of about $60,500 per Bitcoin 
 jdhd