9 Countries With The Most Bitcoin Adoption, This Is What They Do!

JAKARTA - The world is increasingly captivated by the charm of Bitcoin, a digital asset that rocked the global financial paradigm. Not only private investors, but also governments in various parts of the world that now have shares in the crypto world. The total Bitcoin controlled by nine countries reached 32.3 billion US Dollars (around Rp522 trillion), establishing their position in this future asset game.

Bitcoin ownership by the government is nothing new. The United States, China, and Britain are the three main players in this arena. However, the question is: where did the Bitcoins come from?

Most of the Bitcoin owned by the government comes from confiscation of illegal activity. Germany, as one of the countries with strict regulations against crypto assets, recently completed sales of 50,000 Bitcoins worth about US$3 billion (around Rp48 trillion). These sales triggered Bitcoin price movements, lowering them by 15%. However, Germany is not the only one playing in this market. Nearly a dozen other countries also continue to hoard Bitcoin.

Let's take a closer look at some of the countries that are part of this exclusive club based on Crypto News information:

1. United States

The United States holds the most Bitcoins, mostly confiscated from the Silk Road black market. This Bitcoin is sold regularly according to a court order.

2. China

China confiscated Bitcoin from the Plus Token scheme in 2019. However, whether they have sold part of the Bitcoin is still a mystery.

3. England

British Metropolitan Police confiscated Bitcoin from two Chinese nationals involved in an investment scam worth 5 billion Yuan in China.

4. Ukraine

Ukraine acquired Bitcoin through police confiscation and donations to support the country's war efforts.

5. El Salvador

El Salvador became the first country to adopt Bitcoin as the official currency in 2021 and has hoarded more than 5,800 BTC.

6. Bhutan

Bhutan has been actively mining Bitcoin over the past few years and has invested 540 million US Dollars (approximately IDR 8.7 trillion) in its mining operations.

7. Venezuela

Venezuela began accepting Bitcoin as a substitute for failed Petro currency.

8. Finland

Finland confiscated Bitcoin from criminal investigations and has sold most of the Bitcoin.

9. Georgia

It's unclear how Georgia got its Bitcoins, but most likely through the confiscation of law enforcement.