The impact of the US government on Bitcoin is mainly reflected in the following aspects:
1. Sales and transfers of Bitcoin:
• The US government plans to sell the remaining 41,490 bitcoins seized from the Silk Road website in four installments this year, raising concerns among cryptocurrency traders.
• The U.S. government recovered $1 billion worth of Bitcoin from dark web hackers and transferred it to new wallet addresses including Coinbase, which also raised concerns among investors.
2. Holding Bitcoin:
• The U.S. government reportedly holds more than 205,000 Bitcoins, making it a larger Bitcoin holder than MicroStrategy and Tesla, holding more than 1% of the current circulating supply. At current market prices, these Bitcoins are worth approximately $5.7 billion.
3. Legal and Regulatory:
• Due to some leaked information, the United States may further strengthen the regulation of cryptocurrencies, including Bitcoin, which has brought uncertainty to the price of Bitcoin. In addition, the Financial Stability Oversight Council of the United States also recommended that Congress pass new laws to address issues related to cryptocurrencies.
These actions and policies may affect the market price of Bitcoin, trading volume, and acceptance of Bitcoin in the United States and around the world.