đĽ BREAKING: U.S. Government Authorized to Sell $6.5 Billion in Bitcoin
Curious about why Bitcoin is dipping? Hereâs the story:
The U.S. government has just been approved to sell 69,370 BTC seized from the Silk Road, the Bitfinex hack, and James Zhong. This stash is worth $6.5 billion.
But does this spell disaster for Bitcoin? Let's break it down:
1ď¸âŁ Will This Crash Bitcoin?
No. The market is overreacting.
This sale isn't unexpected. The governmentâs BTC holdings were already factored into the market, so itâs not a surprise.
2ď¸âŁ Will the U.S. Sell Now?
The incoming Trump administration has promised not to sell BTC and even suggested a Strategic Bitcoin Reserve. However, the current administration appears keen to liquidate before January 20âit's a race against time.
3ď¸âŁ Trumpâs Strategy: Bold or Bluff?
Trump told Bitcoiners: "Never sell your Bitcoin." But will these seized BTC become part of a national Bitcoin strategy? Unlikely. Holding such reserves is politically risky and operationally complex.
4ď¸âŁ Have the BTC Already Been Sold?
Some believe the government pre-sold the BTC through a credit line with Coinbase. Thatâs not true: No one would pay a premium for $6.5 billion in Bitcoin through a credit line. Thatâs not how the market works.
5ď¸âŁ From a Traderâs Perspective
As someone with experience in Swiss hedge funds and crypto market making, I can assure you:
This isnât about Bitcoinâs fundamentals. Itâs short-term noise amplified by the media. Long-term holders know: U.S. selling BTC doesnât harm Bitcoin. If anything, it shows Bitcoinâs resilience.
The Bigger Picture
Letâs set the record straight:
â The BTC havenât been pre-sold.
â This sale isnât the end of Bitcoin.
â Bitcoinâs long-term outlook remains strong.
What do you think? Does this news affect Bitcoinâs future? Share your thoughts! đ§