Analysis of Bitcoin Holding Situation of Countries Around the World

2025 will see a significant increase in countries hoarding Bitcoin as a national reserve asset. Here is a detailed analysis of the situation:

1/31/20253 min read

The year 2025 marks a turning point as countries push to hoard Bitcoin as a national reserve asset. Donald Trump’s return to American politics and economics has created significant upheavals that will impact global financial strategy. El Salvador is a pioneer in hoarding Bitcoin, while the US, Russia, China, the UK, Switzerland and Brazil are also considering similar moves.

US: Leading the race to hoard Bitcoin?

Under Trump’s leadership, the US has proposed using $6.5 billion in seized Bitcoin to build a national reserve. However, this plan is facing legal hurdles and needs congressional approval. The BITCOIN Act is pending but is not certain to pass. Meanwhile, Texas is actively hoarding Bitcoin, putting pressure on the federal government.

The US currently holds about 207,189 BTC, leading the world in Bitcoin ownership. Under the leadership of President Donald Trump, the US has proposed using $6.5 billion in seized Bitcoin to build a national reserve. However, this plan is facing legal obstacles and needs approval from Congress. The BITCOIN Act is pending but is not certain to pass. Meanwhile, the state of Texas is actively hoarding Bitcoin, putting pressure on the federal government.

Russia: Using Bitcoin to Deal with Sanctions

Russia has legalized payments in digital assets and is considering international payments in Bitcoin. A deputy of the Russian Duma has called for the creation of a strategic Bitcoin reserve, aimed at reducing dependence on the Western financial system.

China: The Mysterious Strategy

China, despite banning Bitcoin trading since 2021, still holds around $20 billion worth of Bitcoin. Although it has not made it public, the country may be accumulating Bitcoin to counter the possibility that the US will increase its cryptocurrency reserves.

Despite banning Bitcoin trading since 2021, China still holds around 194,000 BTC, the second largest Bitcoin holding in the world. Although it has not made it public, the country may be accumulating Bitcoin to counter the possibility that the US will increase its cryptocurrency reserves.

Switzerland: Neutral but open

Switzerland is considering adding Bitcoin to its national reserves, but the final decision depends on a referendum. The Swiss National Bank is cautious, while private banks are enthusiastic about Bitcoin.

UK: Contradictions in Bitcoin policy

The UK currently holds nearly $6 billion in Bitcoin from confiscated assets but has no clear policy on the national reserve. Some politicians want to keep Bitcoin as a strategic asset, while others have proposed selling it to support public spending. The fall in the value of the pound could accelerate the decision to hoard Bitcoin.

Hong Kong: Potential to become Asia's Bitcoin hub

Hong Kong is emerging as an important cryptocurrency financial hub, thanks to its more open policies compared to mainland China. The special administrative region has licensed many cryptocurrency exchanges to operate legally, helping to attract large capital flows from institutional investors.

South Korea: Government monitors but businesses are active

South Korea has a tight grip on the cryptocurrency market, but businesses in the country are accumulating Bitcoin as part of a long-term financial strategy. Major corporations like Samsung and SK are interested in blockchain and cryptocurrencies as a future technology solution.

Vietnam: Potential market but no clear policy

Vietnam is one of the countries with the highest rate of cryptocurrency users in the world, but the government has yet to have an official policy on Bitcoin. However, if the trend of hoarding Bitcoin becomes popular globally, Vietnam may consider building its own reserve strategy.

Canada: Cautious but not on the sidelines

Canada was one of the first countries to approve a Bitcoin ETF, making Bitcoin more accessible to investors. The Canadian government has yet to announce plans to stockpile Bitcoin, but with the country’s thriving cryptocurrency market, the possibility of joining the race cannot be ruled out.

Other countries: Watch and wait

Brazil has proposed a law to regulate Bitcoin hoarding, while Poland, Slovenia and Ukraine are also considering the move. If the US and other economic powerhouses hoard Bitcoin, many smaller countries may have to join in to avoid being left behind.

The Impact of the Bitcoin Hoarding Race

Demand from countries to buy Bitcoin could push prices to record levels, making Bitcoin a strategic reserve asset similar to gold. However, the concentration of Bitcoin in the hands of a few large countries could increase global economic inequality. According to the Fidelity report, if the US officially hoards Bitcoin, other countries will follow. However, this process may be done in secret to avoid price fluctuations in the market.