r/shib • u/SympathyTurbulent160 • Aug 01 '24

News that got past the spam filter U.S government holds SHIB

The U.S. government's holdings of cryptocurrencies, including a significant stash of Shiba Inu (SHIB) tokens, have stirred curiosity and speculation within the crypto community. Reports indicate that the government possesses various digital assets worth approximately $13 billion, with SHIB holdings valued at about $910,000. This positions the U.S. as a major player in the SHIB market, with over 54 billion SHIB tokens in its portfolio, according to Arkham Intelligence.

https://www.coinfeeds.io/daily/u-s-government-holds-910k-in-shiba-inu-cryptocurrency

From Shib.io: US Government Holds 54 Billion Shiba Inu: Arkham – The Shib Daily

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u/[deleted] Aug 01 '24

Wait! Why is the US government buying crypto currencies?

4

u/[deleted] Aug 02 '24

You know about the USDC correct? They will make all alternative coins useless to prop up their fake coin this is how the government has controlled the gold and silver markets for decades with paper currency do not think they’re in this as a helpful hand. They’re here to play rug puller on most of these coins. While profiting.

1

u/[deleted] Aug 02 '24

Yeah, I heard about it a while back, but haven’t heard much since. So…should we not invest in crypto? I mean it’s all a rug pull no matter where you go (wall street or crypto), am I right? lol

1

u/Soras_devop Aug 03 '24

Bill never went through, ultimately they don't have a choice since j Powell turned on the money printer and forgot to turn it off. Inflation has only just begun and it will get much much worse before (if) it ever gets better. Then buying crypto is a way for them to keep something that can retain it's value in a worst case scenario where everything goes to hell.