Odaily reports that Eugene Epstein, Head of Trading and Structured Products at Moneycorp, said in an interview: "We have experienced cyclical bull markets in before, but I remember this is the first time the hype has really happened at the government level. So far, there has been a lot of rhetoric, but in terms of acceptance, this is still the furthest has ever gone." The United States is the largest sovereign holder of , mainly from judicial seizures. According to Bitbo's data, the country holds over 200,000 , equivalent to nearly $22 billion. Epstein said the market's trading is based on the expectation that the US will make large purchases in the future. The massive purchase of by US governments at all levels has already been digested by the market, and if the expectation is not met, there may be a pullback: "Unless a state-level plan really starts to be implemented, I find it hard to see the market going up, and I expect this will be led by the Treasury."