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Binance Founder CZ Reveals U.S. Bitcoin Holdings Spark Global Government Buying

Binance Founder CZ Reveals U.S. Bitcoin Holdings Spark Global Government Buying

  • U.S. Bitcoin stash sparks global buying frenzy among governments, CZ reveals.
  • Binance now guiding nations on setting up secure national crypto reserves.
  • Bitcoin breaks key resistance as countries scramble to catch up with U.S. holdings.

Multiple governments are now moving to secure Bitcoin reserves, spurred by recent revelations about U.S. holdings. According to a July 5 update from Crypto Rover, Binance founder Changpeng Zhao (CZ) disclosed that the United States reportedly holds around 200,000 BTC, prompting other countries to act swiftly.

CZ also admitted during a closed-door session that when the U.S. started piling Bitcoin, it coerced other countries into doing the same. Various nations have started consulting Binance on how to create national reserves in crypto.

Zhao was sure that Binance was assisting governments in making critical decisions like wallet infrastructure, custody solutions, and safety procedures. Most countries are beginning with far smaller quantities than the United States, but the necessity to join the space race has become urgent over the last few years.

Also Read: XRP Supporter Warns Bitcoin Collapse Near as $9B Suddenly Leaves Dormant Wallets

CZ also recommended multi-sign custodial practices to smaller reserve holders. These systems ensure that no one is in full control of the funds, which increases security at early levels. As reserves increase later, countries can move to safer self-managed cold storage systems.

In addition to infrastructure, Binance assists in determining a country’s ability to handle technical matters regarding the maintenance of a secure place to store private information keys. Zhao emphasized the importance of beginning with institutional-level security to prevent costly failures.

Countries’ desperation might be triggered by the fact that a longer delay would increase the prices of Bitcoin entry. Zhao warned that failure to act immediately will probably lead to even more costly cryptocurrency purchases in the future.

Price Breakout Follows Global Accumulation Trend

While governments ramp up their buying, Bitcoin’s price action has also turned bullish. A recent chart shared by Crypto Rover showed a breakout pattern similar to its late-2023 surge, which followed major FUD events and market consolidation.

The new pattern was created when the same pressures—wars and tariff threats — were present on the macroeconomic front. Bitcoin had broken to the upside a descending trendline after defining a horizontal accumulation range and was, therefore, exhibiting possible distal movement.

This breakout is similar to a structure that has escalated to strong rallies before, as investors rush to the haven of decentralized assets in uncertain times. The recent price trends indicate that the market may be going into another roaring rally period.

The disclosure of U.S. Bitcoin holdings has triggered a ripple effect among other nations. As countries race to establish their crypto reserves, institutional demand and price momentum may continue building in the Bitcoin market.

Also Read: Wall Street Giants Are Quietly Moving Billions Onto Ethereum—Here’s Why