Bitcoin’s Corporate Adoption raises Fort Knox-like Nationalization concerns

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Corporate Bitcoin treasuries have surged past $100 billion, raising concerns among analysts that the United States could one day nationalize these holdings in a move reminiscent of the gold standard era.

Corporate crypto treasuries have surpassed $100 billion of digital asset holdings, with Bitcoin (BTC) treasury firms amassing 791,662 BTC worth about $93 billion, representing 3.98% of the circulating supply, Cointelegraph reported on July 31.

The growing corporate holdings may present a new centralized point of vulnerability for Bitcoin, which may see…



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Bitcoin’s Corporate Adoption raises Fort Knox-like Nationalization concerns


Corporate Bitcoin treasuries have surged past $100 billion, raising concerns among analysts that the United States could one day nationalize these holdings in a move reminiscent of the gold standard era.

Corporate crypto treasuries have surpassed $100 billion of digital asset holdings, with Bitcoin (BTC) treasury firms amassing 791,662 BTC worth about $93 billion, representing 3.98% of the circulating supply, Cointelegraph reported on July 31.

The growing corporate holdings may present a new centralized point of vulnerability for Bitcoin, which may see…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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