U.S. government's Bitcoin transfer sparks controversy; Coinbase CEO believes the U.S. government should never sell Bitcoin

Deep Tide TechFlow news, on December 3, according to Cointelegraph, crypto executives believe that the U.S. government's decision to transfer $1.9 billion in Bitcoin to Coinbase is a foolish decision, with some calling it a 'huge strategic mistake.' U.S. Space Force engineer Jason Lowery stated, 'This is a huge strategic mistake; it makes no sense for the U.S. to sell any Bitcoin it controls.'

Coinbase CEO Brian Armstrong agreed, adding: 'The U.S. government should never sell Bitcoin.'

Earlier reports, according to on-chain analyst Ai Yi, suggest that the Bitcoin transferred by the U.S. government may not have been sold yet or has not flowed into the secondary market through OTC trading.