The chart below shows the change in Bitcoin balances held by the U.S. government following the largest seizures:
• November 2020: Silk Road/69.369 BTC
• January 2022: Bitfinex hack/94.643 BTC
• March 2022: James Zhong/51.326 BTC
Currently, as far as we know, the United States holds approximately 194,000 BTC. Interestingly, this balance has declined slightly, but they still hold a sizable portion. So: “Why doesn’t the US government sell this stolen money?”
1. The first and most logical assumption is that the United States is looking for a way to diversify alongside traditional assets like bonds and gold, storing such large amounts of BTC that they can control the market.
2. The second assumption is to prevent other countries from taking advantage: China is, in fact, one of the largest government Bitcoin holders.
so what do you think