The US Government Is Now One of the Biggest Bitcoin Whales in the World.

in #hopdh8 months ago

Among the world's largest bitcoin whales is the US government. Furthermore, it's not simply that they are very wealthy.

Among the world's largest bitcoin whales is the US government. Furthermore, it's not simply that they are very wealthy. Over the last several years, the US government has been purchasing bitcoins at an astronomical rate. They're consuming it all, therefore it makes sense that the price of Bitcoin has increased so much! It also makes sense since Bitcoin is a terrific tool for money laundering, and you want to make sure that no one else knows where your money is coming from or going to while you're attempting to conceal it from them.

However, what would happen if someone wanted to accept bitcoin as cash? We finally have a response, though: The US Mint has unveiled five brand-new commemorative coins that are inspired by actual events and have bitcoin as their backing currency! Compared to ordinary coins, which are often somewhat uninteresting (though some people still collect them), they're practically more intriguing.

Major shops like Amazon and Walmart will sell these coins beginning today (with a pre-order option starting on May 15th) and running through June 30th, 2019.

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