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Biden Sells $6.5 Billion in Bitcoin, Leaves Treasury Empty for Trump!
Selling Bitcoin Before Trump Takes the White House: Is Biden Trying to Obstruct Trump’s Plans?
The United States Sells 69,370 Bitcoins Before Donald Trump’s Inauguration. Is Biden Trying to Obstruct His Strategic Plans? Find out the details of the decision and its potential impacts.
Selling Bitcoin Before Trump Takes the White House: Is Biden Trying to Obstruct Trump’s Plans?
The United States is preparing to liquidate 69,370 BTC worth $6.5 billion, which were confiscated after the dismantling of the Silk Road network. This decision, which comes just days before Donald Trump’s inauguration as president, raises questions about the motives behind it and its potential impact on the Republican-backed Bitcoin strategy.
Thanks to legal confiscations, governments sometimes own large amounts of Bitcoin. For example, France has been selling these coins at public auctions, while other countries prefer to hold them for longer periods. Germany, for example, held over 50,000 BTC for years before selling them at $60,000 per coin.