š„ BREAKING: U.S. Government Gets Court Approval to Sell $6.5 Billion in Bitcoin
Wondering why Bitcoin is dipping? Hereās the scoop:
The U.S. government just received the green light to sell 69,370 BTC seized from Silk Road, the Bitfinex hack, and James Zhong. This stash is valued at $6.5 billion.
But does this mean Bitcoin is doomed? Letās break it down:
1ļøā£ Will This Crash Bitcoin?
No. The market is overreacting.
This sale isnāt sudden or unexpected.The governmentās BTC holdings were already priced ināitās not a surprise event.
2ļøā£ Will the U.S. Sell Now?
The incoming Trump administration has pledged not to sell BTC and even floated the idea of a Strategic Bitcoin Reserve.However, the current administration seems eager to liquidate before January 20.Itās a race against time.
3ļøā£ Trumpās Strategy: Bold or Bluff?
Trump told Bitcoiners: āNever sell your Bitcoin.āBut will these seized reserves ever become part of a national Bitcoin strategy? Unlikely.Holding such reserves is politically risky and operationally complex.
4ļøā£ Were the BTC Already Sold?
Some speculate the government pre-sold these BTC via a credit line from Coinbase.Hereās why thatās false:No one would pay a premium for $6.5 billion worth of Bitcoin through a credit line.Thatās not how the market operates.
5ļøā£ From a Traderās Lens
As someone whoās traded at a Swiss hedge fund and built a crypto market maker, I can tell you this:
This isnāt about Bitcoinās fundamentalsāitās short-term noise amplified by the media.Long-term holders know:U.S. selling BTC doesnāt kill Bitcoin.If anything, it highlights Bitcoinās resilience.
The Bigger Picture
Letās be clear:
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The seized BTC werenāt pre-sold.
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This sale doesnāt mark Bitcoinās downfall.
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Bitcoinās long-term story remains rock solid.
Whatās your take?
Does this news impact Bitcoinās trajectory? Let me know your thoughts! š§