Eleven days before President Trump takes office, unlike last time, this time he has expressed his support for Bitcoin and pledged to include it in the national asset list. Suddenly, the Biden administration announced that it would sell nearly 70,000 Bitcoins that had been seized for a long time and managed by the FBI, and said that this had been authorized by a federal judge from December 30, 2024. This amount of Bitcoin is currently equivalent to 6.5 billion USD. This is a policy-destroying trick aimed at the transitional administration.
The current US government holds a total of about 200,000 public Bitcoins and is the largest holder of Bitcoins in the world. If Biden (and perhaps the black crow O3ma behind it) can sell all of these Bitcoins in these ten days, it will be extremely difficult for the new administration to hold the same amount in the future.
This is a shock to the global market and has caused all cryptocurrencies to fall deeply in the past 3 days. This sell-off in the current context only damages the interests of the United States and will indirectly give all the delicious food to the mouths of America's rivals, Russia and China, and turn it into a weapon against the United States itself.
There has been no response from President Trump and the new government on this issue. Hopefully they will take a clear action to stop this madness before it is too late.
Investment advice: those who play the hodl system should stay calm, there is nothing to worry about, those who play short-selling should be careful with the fire and should only play quickly and withdraw.
#BTC #american