US entities now hold a significant majority of Bitcoin compared to non-US entities, indicating growing confidence in the cryptocurrency market.
This shift in ownership is attributed to identifiable US entities such as miners, MicroStrategy, exchange-traded funds (ETFs), and government accounts.
The ratio of US to non-US Bitcoin reserves has increased from 1.24 in September 2024 to 1.66 by mid-December, stabilizing at 1.65 as of January 6, 2025.
Institutional interest in Bitcoin has also contributed to the surge in US Bitcoin reserves, with record inflows and trading volumes in spot Bitcoin ETFs.
Companies like MicroStrategy, Thumzup Media Corporation, Solidion Technology, and Genius Group have shown commitment to Bitcoin despite market fluctuations.
Non-US governments and corporations, such as the Japanese venture capital fund Metaplanet, are also exploring the establishment of strategic Bitcoin reserves.
The increasing dominance of US entities in Bitcoin holdings, along with rising institutional demand and global interest from governments, signifies a significant shift in the perception of Bitcoin as a legitimate asset class.
The potential establishment of strategic reserves by the US and other nations could further solidify Bitcoin's status and pave the way for broader adoption and integration into traditional financial systems.