Possible market impact from government selling of Bitcoin
If all nine governments currently holding Bitcoin decide to sell off their Bitcoin reserves across the board, approximately 517,414 Bitcoins (approximately $32.9 billion) will flood the market. These governments include:
United States: Holds 213,246 Bitcoins, mainly from the seizure of the darknet market "Silk Road". The U.S. government had sold 1,754 Bitcoins on April 2.
China: Holds 190,000 Bitcoins expected from seizure of Plus Token Ponzi scheme.
UK: 61,000 Bitcoins held by a former delivery employee who was convicted of money laundering.
Ukraine: holds 46,351 Bitcoin.
El Salvador: Holds 5,800 Bitcoins and has actively supported Bitcoin since September 2021.
Bhutan: holds 621 Bitcoins.
Venezuela: holds 240 Bitcoins.
Finland: holds 90 Bitcoins.
Georgia: holds 66 Bitcoin.
These concentrated sales of Bitcoin will have a significant impact on the market, potentially causing significant price swings. If you are interested in currency operation strategies, market conditions, etc., please follow me and join my circle to get more free information on contracts, spot, short-term gameplay, etc.
