Bitcoin: China has more BTC than MicroStrategy

A restless ours – China is in the list of the biggest holders of Bitcoin (BTC)after authorities say the gist about PlusToken-linked cryptocurrencies.

Over 190,000 BTC in China’s public treasury

China is a bitcoin whale. She even holds more bitcoins than MicroStrategy and his 130,000BTCafter the Chinese authorities told them 194.775BTC PlusToken scam lies.

Although the country banned cryptocurrency last year, on paper the Chinese government would own plus 1% of the total bitcoins in circulation.

However, the Chinese authorities remain discreet about the legal status of their assets. They were not provided no official information which allow to know the quantity of bitcoins sold, to adjust the stock at the end of the time and the real sold of BTC today.

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China, a bitcoin grizzly worrying the markets

Given the large amount of bitcoins it has, China could exert strong downward pressure on the price of the cryptocurrency, if it separates from it.

A Chinese court had indicated that the tokens seized during the PlusToken case, will be “dealt with in accordance with the laws” and “confiscated for the benefit of the national treasury”. No official decision and seems to have been made as to the final destination of these bitcoins.

The numerous arrests of people linked to the scam and the seizure of cryptos marked the end of PlusToken

The authorities have announced the end of the PlusToken ark in 2020, a scam that will have cost $5.7 billion in victims. Excluding bitcoins, the activities are currently composed of 833,083 ETH, 1.4 million LTC, 27.6 million EOS, 74,167 DASH, 487 million XRP, 6 billion DOGE, 79,581 BCH and 213,724 USDT.

Their concerns about the liquidation of these cryptocurrencies Related to PlusToken is nothing new. The sale of these bitcoins could shake the markets. However, given their quantity, it will probably be gradual, rather than all at once.

The times of state interest in Bitcoin have come. And you, what are you doing to prepare for the future? Start giving yourself with this exciting world, and wait no longer for you create an account on Binancethe benchmark Bitcoin and crypto exchange (commercial link).

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