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This move could accelerate institutional adoption, with major investment firms like BlackRock contemplating adding Bitcoin to their portfolios. The announcement of the U.S. holding such a significant amount signals government-backed legitimacy, prompting other countries to follow suit, potentially leading to a global race for Bitcoin reserves.
2. Market and Price Dynamics: Supply Shock
The movement of more than 325,000 BTC into custody and out of circulation causes a massive supply shock. This creates a price floor, as a significant share of Bitcoin becomes inaccessible for sale, reducing liquidity and potentially pushing prices upward.