Part 10/17:
Remarkably, he mentions Bulgaria's government holding over 200,000 Bitcoin, worth upwards of $10 billion, as evidence that governments are quietly accumulating Bitcoin via confiscation or strategic reserves. Such moves suggest that state actors are quietly appreciating Bitcoin’s value and potential as a reserve asset.
The Power of Geopolitical Shifts
Barhydt surmises that the U.S. government currently holds substantial Bitcoin confiscated from criminal activity—possibly even more than the recorded 200,000 BTC held by Bulgaria—yet intentionally or passively holds onto it. This "hidden treasury" hints at a long-term strategic reserve that may be used to bolster national reserves or eventually monetize as the market evolves.