United States government have sent 10,000 Bitcoin from Silk Road infamous marketplace worth $600M to Coinbase prime and sparked some discussions on the web: Are they selling them already or what is happening ⁉️ To answer the question, was necessary to understand in first why they sent it to Coinbase prime the assets.
According to a lawyer, familiarized with the matter, the United States Marshall Service have signed an agreement with Coinbase to allow them sell their Bitcoin the ones which comes from seizure of assets coming from criminals, and once their arrive on the platform wallets it means they are there to be sold. This means, the US government through Marshall Service, when sent Bitcoin to Coinbase prime is to be sold not to stay there as exposition.
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In the case those 10,000 Bitcoin sent to Coinbase according to the lawyer will be sold or is already sold as the agreement between parts.
United States government is the biggest state in the world owning Bitcoin and this sell is shifting the ambitions of "uncle Sam" in becoming one of the powerful nations in the planet HODL Bitcoin. It seems the Joe Biden administration want to sell some Bitcoins in contrast for example, for what Trump, JFK or Cynthia Lummis want to the government. This profiles believe that US shouldn't sell Bitcoin but keep bagging more and use it to protect the US dollar.
The Biden/Harris administration don't believe in the crypto industry and want to get rid of it and start they own CBDC. So, here we have two divergent views related to the matter but, what remains is that right now the, US government sent 10,000 Bitcoins worth $600,000.000 to be sold in Coinbase prime. Could this be the start of a selloff ⁉️ Or just another necessary sell by the government, after all everyone needs cash to cover their expenses.