🔥 BREAKING: U.S. Government Authorized to Sell $6.5 Billion in Bitcoin
Curious about why Bitcoin is dipping? Here’s the story:
The U.S. government has just been approved to sell 69,370 BTC seized from the Silk Road, the Bitfinex hack, and James Zhong. This stash is worth $6.5 billion.
But does this spell disaster for Bitcoin? Let's break it down:
1️⃣ Will This Crash Bitcoin?
No. The market is overreacting.
This sale isn't unexpected. The government’s BTC holdings were already factored into the market, so it’s not a surprise.
2️⃣ Will the U.S. Sell Now?
The incoming Trump administration has promised not to sell BTC and even suggested a Strategic Bitcoin Reserve. However, the current administration appears keen to liquidate before January 20—it's a race against time.
3️⃣ Trump’s Strategy: Bold or Bluff?
Trump told Bitcoiners: "Never sell your Bitcoin." But will these seized BTC become part of a national Bitcoin strategy? Unlikely. Holding such reserves is politically risky and operationally complex.
4️⃣ Have the BTC Already Been Sold?
Some believe the government pre-sold the BTC through a credit line with Coinbase. That’s not true: No one would pay a premium for $6.5 billion in Bitcoin through a credit line. That’s not how the market works.
5️⃣ From a Trader’s Perspective
As someone with experience in Swiss hedge funds and crypto market making, I can assure you:
This isn’t about Bitcoin’s fundamentals. It’s short-term noise amplified by the media. Long-term holders know: U.S. selling BTC doesn’t harm Bitcoin. If anything, it shows Bitcoin’s resilience.
The Bigger Picture
Let’s set the record straight:
✅ The BTC haven’t been pre-sold.
✅ This sale isn’t the end of Bitcoin.
✅ Bitcoin’s long-term outlook remains strong.
What do you think? Does this news affect Bitcoin’s future? Share your thoughts! 🧠