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United States’ Bitcoin stockpile is worth more than GDP of Bhutan, Maldives, and Seychelles put together
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The United States has seized and auctioned over 185,000 bitcoins in the past few years, the value of which is equivalent to the GDP of Bhutan, Seychelles, and the Maldives put together. At the current price of Bitcoin—$46,500—the US has seized and auctioned bitcoins worth $8.6 billion.
The GDP of Seychelles, Bhutan, and Maldives is approximately $1.5 billion, $2.5 billion, and $4 billion, respectively. “In the fiscal year 2019, we had about $700,000 worth of crypto seizures. In 2020, it was $137 million.
And so far in 2021, we are at $1.2 billion,” Jarod Koopman of the Internal Revenue Service (IRS) had told CNBC in August. However, the government had sold the coins well below Bitcoin’s current price.In fact, as per an NBC report, in
. Read more on cnbctv18.comAbout this in other media
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