CryptoQuant CEO Ki Young Ju noted that US-based entities now hold 65% more Bitcoin reserves than entities outside the US. This marks a new all-time high (ATH) and shows that the US is taking the lead in Bitcoin reserves. Perhaps this was not the real scenario before 2024, and now many are wondering what this change means for the future of Bitcoin.
Bitcoin Reserves: US vs. Non-US Entities
In a recent tweet post, Ki Young Ju highlighted that Bitcoin holdings by US entities, including miners, corporations, exchanges, ETFs, and even the government, have skyrocketed compared to their non-US counterparts.
Over the years, well-known US companies such as MicroStrategy have regularly purchased Bitcoin and added it to their balance sheets.
However, the ratio of Bitcoin held by US entities increased from 1.24 in September 2024 to 1.65 on January 6, 2025. This indicates that US entities now control a much larger share of Bitcoin reserves compared to non -US entities.
As more US companies and institutions become involved in Bitcoin, it is clear that the US is taking a leading position in the digital asset market.
Change in market dynamics
Interestingly, non-US entities controlled more Bitcoin than those in the US until 2023, especially when Bitcoin’s price remained below $30,000.
Things started to change when President Donald Trump supported crypto during his re-election campaign, sending the price of Bitcoin soaring to ATH $108,135.
This price jump also helped US Bitcoin ETFs grow, with billions in new investments. Major ETFs like BlackRock’s and Fidelity’s played a key role in this change.
Why is this important?
This American dominance has sparked interest in other countries, such as Russia and Poland, which are considering their own Bitcoin reserves. However, economist Peter Schiff has criticized this move and warned of massive price crashes.
Furthermore, as the US becomes a bigger player in Bitcoin, the country’s regulations and policies will play a crucial role in determining the future of Bitcoin worldwide.
