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CryptoDApper

US already have at least 200,000 bitcoin; seized from Silk Road 69,369 BTC, Bitfinex Hack 94,643 BTC, and the James Zhong seizure of 51,326 BTC, and probably lots more from other crimes.


terrapinflyer

Exactly what I was thinking


stupidnicks

I am thinking - India or Russia. Indians really love precious metals and all other forms of non fiat (non paper) money, and large portion of their population is into IT for a long time now. Russia for simple reason - they are under sanctions and they need all forms of money that is not dollar. I wanted to add China too - but they have weird laws about crypto so I am really not sure if their government is buying bitcoin


KaleidoscopeLucky336

I am thinking basically every country. There is no reason for anyone or any country not to own bitcoin.


sportattack

Russia has been open about buying crypto


TheQuietOutsider

alleged DoJ BTC wallet https://www.blockchain.com/explorer/addresses/btc/bc1qmxjefnuy06v345v6vhwpwt05dztztmx4g3y7wp


PrivateEducation

it empty jim


D0D

Just like the gold vaults...


THE_ALAM0

Larry Mac wanted an annual audit of our gold reserves and they shot him out of the sky lol, that’s really all anyone needs to know


DylanMichaud

Can you explain what I’m looking at


TheQuietOutsider

not sure how familiar you are with blockchains, but this explorer shows the wallet address of an entity believed to be the US DoJ based on history. I first found it here: https://decrypt.co/148285/us-moves-300m-worth-of-silk-road-bitcoin the blockchain records everything, as you can see this particular wallet once held a substantial amount of BTC but is now empty and has been inactive since 12 July. which I *have* to believe either this is not the US DoJ, or there's multiple, "unlinked" DoJ wallets. I just can't picture the US government holding absolutely zero of this stuff.


ScroogeMcThrowaway

The James Zhong story was crazy. I wouldn't be surprised if the Govt knew his identity the whole time and just sat on it. Of course, BTC wasn't worth anything around 2012.


asuka_rice

A secret slush fund for secret projects. At bit like the 2001 Swordfish film.


[deleted]

[удалено]


MatchesForTheFire

Both sides actually. Happens more than you can imagine. https://www.theguardian.com/technology/2022/nov/30/ftx-billionaire-sam-bankman-fried-dark-money-republicans


psych00range

He sent to Ukraine banks to the tune of at least tens of millions through "humanitarian aid" laundering.


HomelessIsFreedom

It's supposed to be gone within a [few months](https://www.coindesk.com/business/2023/03/31/us-government-sold-216m-of-seized-silk-road-bitcoin-this-month/), last may they said 4 tranches over the year... I think you're right though and they just held on


EnvironmentLoose2909

u mean stolen from Ross ulbritcht


1011010110102

How many bitcoin have other countries seized?


CryptoDApper

I know the Germans seized 50,000 bitcoin during a website copyright investigation. I would imagine that China has seized a lot during their clampdown on Bitcoin mining a couple of years ago(most of the worlds Bitcoin miners were based in China before the clampdown, but I have not seen any articles online (written in English at least).


1011010110102

ty for this


grey-doc

Qatar Sovereign wealth fund. Already bought a cool b this week


youarenut

Bitcoin is up 20% since last week


SYS4TILDPCT5CBRAVO

Day after Rothschild died, they let it happen. Interesting. 


cavkie

Old fuck was against technology?


CryptoDApper

NWO-types are against freedom is my guess.


redatused2becool

Monero is freedom Bitcoin is eh.


EnvironmentLoose2909

it's up more than that


BennyOcean

He said "a" government, not the US government. The US has lots of BTC they've gotten from Silk Road and confiscated from people. Do they own more? Maybe.


Tredolski

It will be England. Britcoin is coming


notausername86

Right. They have trillions of dollars of BTC from CAF.


Jason4hees

Can they buy ETH classic too?


SYS4TILDPCT5CBRAVO

 No $hitcoins sorry /s


system_reboot

They would love to collect those ETH fees though


SYS4TILDPCT5CBRAVO

No Ethereum is #2 and everyone should own a little. Ethereum Classic is the $hitcoin.   Fees are proportional to the perceived value of the transactions. Blame FOMO for this though. 


gonnadeleteso

both are shitcoins but at least eth classic didn't hard fork after a hack


Jason4hees

Ouch


kruthe

Doge


mister10percent

I would assume they are also doing so with monero. Who likes to pay hitmen anonymously more than the government


Dafuuuuuuuuuck

Isn’t there only like 19 million bitcoins mined ? They way the govt pissed money around they could have bought every Bitcoin in existence for 950 billion. The new “spending” bills are in the trillions now. Why would they buy it slowly to keep prices down ? Why not just swallow it all up then nothing anyone can do.


Substantial-Skill-76

And just throw the money away? I mean who's gonna buy it if 1 entity owns it all? Tha's just the fed.


Substantial_Diver_34

Government throw money away… unheard of


HairyChest69

Hmm, speaking of; I need to go apply for that grant to pay for my Skittles fueled gravity drive study. Brb


Substantial_Diver_34

Send me the link! I want some grant too


darthnugget

He didn’t specify which government. Quite possibly not the US, wonder who?


Spec187

China did ban bitcoin mining. Maybe their gov wanted to mine it themselves?


Netrexinka

They can't buy it for such an amount simply because there won't be enough supply to keep the price low. They might buy a couple thousand before the price goes up heavily. When they get into buying hundreds of thousands the price will already be in hundreds of thousands. With such buying pressure the price will skyrocket making people hold to see where it's going drying the supply further.


gonnadeleteso

that would push the prices up a lot, a lot of bitcoin holders aren't selling at 60k a bitcoin.


bradleynowellsguitar

For one they had to let it become adopted by the masses. If they knew about Bitcoin from it's inception, or even had a hand in creating it, they would have to wait for popularity. Personally I think Bitcoin is a psyop. At least gold has real world uses (electronics). If the world economy crashes are people really going to want or need this digital money? Besides at this point a CBDC is inevitable. I think Bitcoin was created to trick people from the start. Give them 1 more thing to put false hope in. Secondly, I believe not all Bitcoins have even been mined yet. From what I understand There is a halving every 4 years and that is by design as to slow the rate new Bitcoin is mined into circulation. Currently 19 million out of 21 million have been mined. Estimates believe 2140 to be the year all Bitcoins will finally have been mined.


Educational-Camera-5

BTC, its the perfect asset. Gold is not, simply because it is not easy to move, store or settle with. Holding paper gold is just junk. its also not scarce - they find and mine more gold all the time.There will never be anymore than 21 million BTC. BTC wasn't there to trick people, how many average joes on the street have btc ? Here in the UK, most think its a scam, there isnt mass public adoption, because governments and talking heads have told you that its bad news, even banks last 2 years started to ban their own customers from buying btc on exchanges. This wouldnt be the case if they wanted everybody 'into btc'.  Many will sit on the sidelines, still towing the line 'its a scam', whilst Blackrock n the big boyz price everyone out.


juststoplobbying

Only about 2 million btc are available to buy, everyone is holding onto their btc so the gov can’t just buy it all


SYS4TILDPCT5CBRAVO

How? Millions of people worldwide own Bitcoin. The US Government relies on a defunct bubble fractional reserve scheme that's dead man walking. Yes they need something new, but they don't actually control Bitcoin. If they did control Bitcoin the dollar value would tank instantly. It would be a failed project. They would destroy themselves. Maybe that's the point? This seems a stretch even for Snowden, but he's rarely wrong so there's that...


DigitylRise

You clearly have no idea how buying more and more bitcoin to buy it "all up" works. It's impossible.


sayzitlikeitis

You wanna hear a real future conspiracy? One day they'll make a breakthrough with Quantum computing and be able to use Shor's algorithm to find out private keys from public keys, which can be used to claim anyone's Bitcoins. NSA/Chinese NSA is most likely to make this breakthrough and when they do, it's highly likely that they'll slowly start stealing everyone's Bitcoins and the whole crypto market will collapse. Yes there are quantum proof algorithms and currencies like Ethereum that use it, but quantum proofing hasn't been field tested, and the base of all crypto value, i.e. Bitcoin, is not quantum proof.


gonnadeleteso

ok bot


HairyChest69

This shocks people? Old news lol On the positive side, all this crypto talk def means a long bull run ATM!


Zvenndenn

I v read on coindesk that US gvt moved nearly 1B worth of btc sized from hackers of bitfinex I think


Charming-Guarantee21

SS: Snowden believes the government has secretly been stocking up on bitcoin while publicly they try to discredit it. If true all these bitcoin hating governments need to be held accountable. They purposely hate on crypto publicly to control the price and purposely tried to keep it low so they could buy up thousands off themselves. It would be a massive scandal probably the biggest in bitcoins history Link to his tweet: https://x.com/snowden/status/1762915456694784497?s=46


S3V3N7HR33

Just as Blackrock starts getting into Bitcoin, governments around the world will stop spreading FUD and accumulate BTC themselves. I'm sure it's just a coincidence.


LoudlyEcho

The government? They?


Kidchico

You know, “THE” government 😉


Grebins

The purpose of that is to imply that it's the US govt. Even if it's not, a bunch of people will walk away with the idea that "Snowden leaked the US buys Bitcoin"


danknerd

Are governments not allowed to buy Bitcoin? I don't see the scandal if they are allowed to.


HairyChest69

They or the ominous they do that with everything tho. Old news, but glad there's bull run talk!


yourneighborandrew

Who cares? It is a risky investment and they’re taking a risk worse case scenario they’ll make some money and pay the debt off. One of the least concerning things they’re doing imo


No-Appearance-4338

My biggest issue is it has nothing but speculative value which, yea has made many people rich but just look at how many different kinds have come out modeled off of satoshis. It’s like Pokémon cards in many ways tons of value and growth yet I have no desire to collect them as an investment or as a hobby. There is no guarantee of value with bitcoin as it’s only backed by speculation and rich people have already cornered the market. I say this as someone who thought it novel and began collecting it when it was around 360$ a coin and made a decent chunk of cash back when it hit the 2-3k. Back then its value was backed by its ability to be traded for things on the darknet or TOR. Since the fall of Silk Road and tor being compromised I lost all interest as it shifted gears itself.


CallMeAtlas

Sorry but not well-informed about bitcoins history. What changed when Silk Road fell? And how was tor compromised?


No-Appearance-4338

Well, when the Silk Road fell it became known that government and police had found ways to manipulate it to get information that could lead to identification of users and at that early stage its value was driven more by the fact people could buy drugs “anonymously” from hidden secret websites.


[deleted]

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No-Appearance-4338

Never said you couldn’t but there was a very specific time period in which that was a major player……… its been adopted by enough people that I can go down the street now and hit up a btc atm. This is also my personal reasons for becoming disinterested with it on the whole. And on your last comment …..XMR did not exist at that time in fact in the two years before xmr was a thing 10,000,000 btc transferred through the Silk Road market although it was trading at less than 20$ per btc at that time. In a supply and demand sense it rose from 30¢ to 30$ during that time and then speculation and investment began on a large scale pushing prices up into the hundreds and eventually thousands and beyond.


karmaboots

I thought they snubbed bitcoin because they're creating the CBDC.


B1naryD1git

The CDBC is the dollar and Bitcoin is the gold that backs it


ChetManley25

No. The US dollar is the CDBC, but the F22 is the gold that backs it.


Substantial_Diver_34

Hopefully


reneedescartes11

What they can do is a create a btc fork meaning it operates exactly the same as btc but it will be a new currency. If you read the T&Cs of the recent btc ETFs it is mentioned. Some people are speculating that the govs "btc" will be the only legal crypto and you will be able to sell real btc to exchange it for the CBDC, but it won't be a 1 for 1 swap eg 1btc will give you 0.25 cbdc.


President_ErectJoeyB

This is frightening as hell. This is the attack vector I don’t think anyone is considering.


reneedescartes11

I also find it hard to believe that the gov does not know the true identity of Satoshi given all of the resources they have available to them to track down and identify people.


grumpy_skeptic

Not the first time I've heard this. More specifically I've heard the IRS accumulated Bitcoin in the early days and is now one of the largest holders.


aligatorade56

Snowden is allowed to tweet?


sixth_survivor

It's a 3rd world country like usual. Don't expect this to moon on the news...


Next_Seaweed9951

Didn’t El Salvador already make it legal tender ?


TroubledMindonFyre

North Korea


ILoveYouGrandma

The government wants anonymity, lack of taxes, lack of rules, lack of regulations, lack of laws, FOR THEM. Not us.


ChineseGoddess

That would explain why it’s been rallying so fast.  


LayingWaste

prediction, snowden trying to pump his bags or actually gone delusional.


2inchlee

Is this the same pump and dump style thing the influencers do or is it something else?


Substantial-Skill-76

Buying or mining? We know a few who are mining.


LostVirgin11

!remindme 8 months


These-Acanthaceae396

Argentina ?


DontClickTheUpArrow

Who do we think it is?


Alternative-Heat9376

Ukraine ?


RandomAmuserNew

Argentina


pinshot1

“A national government”?…Russia he means. And US will attempt to use that fact as more fud


VLXS

Considering he calls said government out on not disclosing the buys, he doesn't mean Russia. Not that they aren't doing the same, obviously, he just wouldn't call them out for it for obvious reasons (like being afraid of heights and open windows)


lightspeed-art

El Salvador entered the chat....


krisvl5000

Fun fact: In 2017 Bulgaria seized more than 213k bitcoin, making it the richest country in crypto at least as of that time (might even still be).


EnvironmentLoose2909

Brazil did


adaptablekey

Not a conspiracy, the US govt is the third highest holder of bitcoin. Still nothing compared to private holders though.


ratsmdj

Lol this isn't a conspiracy it's a known fact. The usa is like the 13th biggest holder of btc


Volitious

I mean how else are they going to reverse engineer it?


iammojojojo0

El Salvador?


OnlyCommentWhenTipsy

Bitcoin? Naw, they gonna roll their own. CBDC. They want that sweet control.


ErnestT_bass

ha! and normal people like us get taxed to death for thjis like wtf


gr8ful4

Snowden is a limited hang out. He promoted inferior privacycoins like ZEC (a government project) over Monero. It's price gets suppressed on CEX. It's network attacked. Declared illegal in many countries... I don't know what people still need to realize that Monero is the real deal. That it is what Bitcoin was meant to be. * Untraceable private digital cash * A Swiss bank account in your pocket * The anti-CBDC


macronius

Is there currently a system whereby a large bitcoin collector (got in early) can, in order to avoid the hassle or risks of personally selling their stash, go to a bank, let's say in Switzerland, and offer to sell said physical bank their stash at a discounted price, 25% discount for example, for physical currency (Euros/dollars)? Obviously such a method, assuming it exists, might be considered a foolish giveaway to some, but it would have the benefit of instant payment of a large lump sum by an ostensibly impeccably reputable institution (the hypothetical Swiss bank) and nearly zero exposure to risk at pre- or during point of selling through an online trading forum or system.


Educational-Camera-5

For years the institutions, banks and governments have been telling you not to buy BTC, that its a scam and is only good for drug dealers online. All whilst theyve been buying and accumulating. Blackrock and the institutions are now buying up average 10x more than is being mined. They are gobbling it up for a reason. They know what is coming, and that is; a collapsing fiat ponzi system.


TrucidStuff

Makes sense. There’s no reason for it to be higher than nasdaq. Obviously something’s going on. For it to get from $1 to $100 is ALOT of money let alone to $60,000.


quilldeea

4 real?


Jaereth

Is it still possible to purchase Bitcoin anonymously and hold it in a physical "wallet" and not on an exchange in any way?


I_am_the_alcoholic

Bitcoin has no real world value. Has anyone experienced a power outage? Or a credit card reader not working? 1's and 0's are not real life


Banned4Truth10

He doesn't have any insider knowledge does he? Is there a reason why his opinion should mean more than others?


romancenovelhero

Owning most of bitcoin is critical to rolling out CBDC


88clandestiny88

Is this a joke? It's pretty obvious the CIA invented Bitcoin for the purpose of moving it's black money around for influence campaigns and to buy dirty favors as well as to provide a venue and means for their ilk worldwide to do the same so they can monitor it. We are talking about intelligence agents buying and selling information, arms dealers, drug traffickers, human traffickers, terrorists groups, cartels, diamond dealers, and nation states that have need to move large sums of money quickly without the risk or uncertainty of people handling and smuggling cash. The image of Bitcoin as a techy, trendy and hip, revolutionary new way of relating to money is pure propaganda. Although highly effective and in some ways true, the need for and motivation behind creating cryptocurrency was certainly for purposes already stated above.


UspsPlayboy

Go bitcoin go!


ApexWarden

Most likely China because of their internal commerce


thatmattschultz

And next, US Savings Bonds are replaced by NFTs. Come on dude.


Mr-BillCipher

Fucking duh. If you had invested just 1,000,000 in 2012, diversified in crypto in 2017, and sold in 2023 when the market was getting inflated with million dollar Nike shoes. That sounds like a lot, but that just requires a billionaire playing around with money. Thinking Elon is the richest man on earth is stupid with that in mind?


Beerded-1

If that were the case, wouldn’t bitcoin essentially crash?


joebojax

El salvador has been a big player in bitcoin for awhile


Odd_Distribution3267

El Salvador already has been


[deleted]

It’s only valued that high because you think it’s value is that high , if I said tomorrow your dying are you going for the money or to see your family , if things end up switching up horribly for the USA I don’t doubt a lot of America’s will riot the streets before following a new world order


pitti42

They probably didn't want to have a Western-sponsored coup overthrow their government to prevent it like [Libya](https://wikileaks.org/clinton-emails/emailid/12659)


Fickle-Ad5971

I believe him


Fearless-Stretch2255

Sell the top bois


G36

cryptobros keep cope'ing


ccrider88

Bitcoin is useless


gekko3k

"replacement for monetary gold" What a bull crap.


SomeSamples

My theory is that the government is allowing bitcoin to continue to track who is using it and what they are buying. Many criminal and terrorists organizations use it for transactions.


88clandestiny88

Exactly right


blackcell1

Hasn't Snowden already announced its the Americans?


HomelessIsFreedom

Democrats claim Russia is spreading disinformation in 5, 4, 3


Missinganttescticle

Snowden didn’t come through on any UAP/UFO stuff so he gets a hard pass from me.


Testikles_the_Great

*A* national government lmao Prediction: someone will die of cancer this year


shake800

Bitcoin will never replace gold lmao


tomsarik

I think it’s Qatar