The unprecedented notion that Bitcoin BTC holdings could be worth more than gold reserves is sparking heated debate around the world. With the booming development of the digital currency market and the gradual rise of Bitcoin's status in the minds of investors, people have begun to re-examine Bitcoin's status and potential in the financial market. This article will delve into the holding value of Bitcoin as a new asset from multiple angles and explore whether it has the potential to surpass traditional gold reserves.

In the current financial market, Bitcoin BTC has become one of the assets that has attracted much attention. As a decentralized digital currency, Bitcoin has a limited supply, a feature that makes it similar to gold, a scarce resource. Compared to traditional currencies, Bitcoin's value is not subject to government manipulation, which has won it many supporters. As the global digitalization trend intensifies, Bitcoin's status and influence are gradually rising, and it is regarded by more and more people as a potential safe-haven asset.

From a technical perspective, Bitcoin’s blockchain technology provides it with security and transparency. Every Bitcoin transaction is recorded on the non-tamperable blockchain. This decentralized accounting method ensures the security of transactions and reduces potential risks. At the same time, Bitcoin’s transaction speed and cost are also relatively low, making it a convenient method of cross-border payments. These technical advantages have laid a solid foundation for the global promotion of Bitcoin.

Beyond technical factors, Bitcoin holders are increasingly diverse. From the original technology enthusiasts to now institutional investors, Bitcoin’s audience continues to expand. The involvement of institutional investors not only injects more funds into the Bitcoin market, but also gives it more legitimacy and recognition. Some well-known investment institutions and companies have begun to include Bitcoin in their investment portfolios, a move that is seen as a sign that Bitcoin is gradually moving towards the mainstream financial market.

Against the background of increasing global economic uncertainty, Bitcoin's properties as a safe-haven asset have gradually emerged. Compared with gold, Bitcoin is more liquid and easier to trade, which gives it the potential to surpass gold to a certain extent. Although the Bitcoin market is more volatile, it is this volatility that provides investors with more opportunities to profit. As the Bitcoin market matures and becomes more standardized, its holding value is expected to further increase.

In general, as an emerging asset, it is not impossible that the holding value of Bitcoin BTC may exceed gold reserves in the future. With the continuous development of the digital currency market and the gradual increase in Bitcoin's global recognition, Bitcoin is expected to become a safe haven choice in the eyes of more investors. However, investment needs to be cautious as market fluctuations and changes in regulatory policies may have an impact on the value of Bitcoin. Ultimately, whether Bitcoin can surpass gold remains to be tested by time and verified by the market.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

According to reports, Bulgaria may have more than 200,000 Bitcoins, which are now worth about $2 billion as the price of Bitcoin continues to rise, while the country’s gold reserves are 40 tons, worth about $1.8 billion. For perhaps the first time in history, a country’s total Bitcoin holdings exceed its gold reserves.

Image source: Pixabay

According to a May 2017 press release issued by the Southeast European Law Enforcement Center (SELEC), "Bulgarian authorities discover more than 200,000 Bitcoins worth $500 million."

“With the support of SELEC, the Bulgarian authorities successfully completed a joint investigation... The Bulgarian authorities searched more than 100 addresses, suspects and vehicles and seized large amounts of funds, communication equipment, mining equipment, computers, tablets As well as bank documents, etc... It was determined that members of the criminal group invested the funds obtained from these illegal activities into Bitcoin, of which approximately 200,000 were found in the virtual space. For reference, the value of one Bitcoin is rated. $2354.”

The report put forward a very precise number, 213,519 Bitcoins, worth approximately $500 million at the time. At current prices, these Bitcoins are worth over $2 billion. In terms of gold reserves, Bulgaria currently has 40,400 kilograms of gold worth US$1.8 billion. But the Bulgarian government is somewhat shy about this.

In fact, Coindesk reported the news months after the European law enforcement agency’s press release. Coindesk quoted Bulgarian investigative news outlet Bivol as reporting that the Bulgarian Ministry of Interior refused to provide public information on the case. The information requested by Bivol was exclusive to a criminal investigation and the case belonged to the investigating prosecutor. However, the day after the Coindesk article was published, local Bulgarian media Dnevnik reported:

“The Prosecutor’s Office seized no Bitcoin during its investigation into a cyberattack on the customs agency in May. This is what the Director of the Special Prosecutor’s Office Ivan Geshev said today.”

However, local media Bivol wrote in April 2018 that Bulgarian Finance Minister Vladislav
Goranov told the prime minister's security committee that auctions of the assets had begun and were being sold in small amounts to avoid causing a market collapse. Goranov said "several sovereign wealth funds and Asian investors" bought the coins at an average price of about 15,000 euros, with Deloitte acting as an adviser.

The real truth is unknown, but if the Bulgarian government had indeed hoarded BTC to this point, the value of its BTC holdings would exceed its gold reserves.