The U.S. federal government is the largest national holder of Bitcoin. The cryptocurrency industry has closely studied its behavior and is making significant efforts to influence policy. The main issue is: the United States does not buy Bitcoin; it seizes it in criminal proceedings.

Towards the end of Joe Biden's presidency, the country began liquidating its holdings of Bitcoin, which is a major driving factor in Trump's digital currency reserves. The reserve is not designated for purchasing Bitcoin, but rather regulates the current inventory and protects it from future sales.

China is considered one of the government Bitcoin holders that is somewhat overlooked, which can be attributed to two reasons. It is clear that China is somewhat hostile towards digital currencies, and unconfirmed rumors about policy liberalization can affect the market.

The state confiscated nearly 200,000 Bitcoin in 2020 and has not moved since then. Therefore, this large stock could escape mainstream notice.