🚨 SHOCKWAVES IN THE CRYPTO WORLD: US GOVERNMENT SELLING BITCOIN CALLED A 'HUGE STRATEGIC MISTAKE'! 🚨

The US government’s decision to transfer $1.9 billion worth of Bitcoin to Coinbase has sparked outrage across the crypto community. Industry experts are calling it a "monumental error" that demonstrates a lack of understanding of Bitcoin's strategic importance.

💥 What Happened?
On Dec. 2, the US government moved 19,800 BTC (worth $1.9 billion) to Coinbase Prime. While no official sales have been confirmed, observers speculate that a portion of these holdings may have been sold, leading to market fluctuations.

⚖️ Critics Speak Out

Jason Lowery: A US Space Force engineer, slammed the decision, saying, “There is no price where it makes sense for the US to sell any Bitcoin it has under its control. They have no idea what they own.”Brian Armstrong, Coinbase’s CEO, also criticized the move, stating, “The US government should never sell Bitcoin.”

Crypto influencers argue that governments undervalue Bitcoin’s long-term significance, comparing this to historical missteps like the 1933 gold confiscation under EO 6102, which prohibited private gold ownership.

📊 The Numbers Behind the Headlines

This year, the US government has moved 25,999 BTC worth $2.49 billion to Coinbase.Bitcoin holdings in US-controlled wallets reportedly total 183,850 BTC, valued at approximately $17.7 billion.

🧐 Speculation or Strategy?

Some analysts suggest the transfers may involve custody changes or wallet consolidations, rather than outright sales.CryptoQuant's Julio Moreno notes that only 10,000 BTC appear to have been sold, while the remaining 9,800 BTC were sent to new addresses.

📉 Impact on Bitcoin Prices
Bitcoin briefly dipped nearly 3% during the transfer to $94,500, before recovering to $96,000. This volatility has raised concerns about market manipulation and the broader implications of government-controlled crypto assets.

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