What is old man Biden doing with this huge amount of Bitcoin?
The US government just moved 19,799 BTC (worth approximately $1.92 billion) to a new address. And then, like an action movie, this new wallet dispersed the BTC to 2 other wallets.
What does Mr. Biden intend to do with this BTC?
1. Sell it?
- With $1.92 billion in BTC, this could be a move to gradually sell the Bitcoin to "recover capital" or pay off national debt. But if sold in bulk, the market will certainly face pressure due to the massive sell-off.
2. Internal distribution?
- The act of splitting BTC into multiple wallets may be aimed at asset diversification or preparing for a major plan that we are not yet aware of.
3. Long-term strategy?
- This could be a preparation move to use BTC as a strategic national reserve asset, as previously promised by Mr. Trump. But with Biden... who knows?
How much BTC does the US government currently hold?
- Remaining BTC: 188,000 BTC (~ $18.24 billion) – The US government is one of the largest "whales" in the world.
Other altcoins:
- ETH: $218M
- BNB: $26M
Mr. Trump once promised to keep this BTC for the national strategic reserve, considering Bitcoin an important part of the digital economy.
But Biden is quite "unpredictable". Could this be the final move before retirement? Or is it simply an action to "clean up the wallet"?
The unanswered question: What do they intend to do?
- Dump the assets to pressure the market?
- Accumulate more national reserve assets?
- Or just a trial move to test market reactions?
What do you think?
