Bitcoin Adoption Is Shifting From Individuals to Governments, Says Crypto Analyst — Nation-State Holdings Jump as US Leads With Nearly $28 Billion in BTC
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Cryptocurrency analyst Willy Woo said on Monday that Bitcoin (CRYPTO: BTC) adoption by nation-states “outsripped” individual ownership. Nation-State BTC Ownership Surges Woo cited a chart from Bitcoin-native company River showing that the number of countries holding Bitcoin rose from two in 2016 to as many as 23 in 2025.
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