Samson Mow, the CEO of JAN3, has commented on the Bitcoin reserves of the US, suggesting that the country probably holds around 112,000 Bitcoins or less. He disputes the commonly cited figure of 207,000 to 220,000 Bitcoins as the US government’s holdings, stating that 95,000 of those belong to Bitfinex and need to be returned. This assessment places China at the top of Bitcoin-holding governments with 194,000 Bitcoins. Mow predicts that the Trump administration will soon begin buying Bitcoin. The US Treasury Secretary has also announced plans to buy Bitcoin for strategic reserves. Mow believes that the competition among governments to acquire Bitcoin will intensify, benefiting Bitcoin. He emphasizes the necessity of an official audit of the US Bitcoin reserves to determine their precise amount.
