$BTC BREAKING: U.S. Government Gets Court Approval to Sell $6.5 Billion in Bitcoin
Wondering why Bitcoin is dipping? Here’s 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? Let’s break it down:
1️⃣ Will This Crash Bitcoin?
No. The market is overreacting.
This sale isn’t sudden or unexpected.The government’s BTC holdings were already priced in—it’s not a surprise event.
2️⃣ 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.It’s a race against time.
3️⃣ Trump’s Strategy: Bold or Bluff?
Trump told Bitcoiners: “Never sell your Bitcoin.”But will these seized reserves ever become part of a national Bitcoin strategy? Unlikely.Holding such reserves is politically risky and operationally complex.
4️⃣ Were the BTC Already Sold?
Some speculate the government pre-sold these BTC via a credit line from Coinbase.Here’s why that’s false:No one would pay a premium for $6.5 billion worth of Bitcoin through a credit line.That’s not how the market operates.
5️⃣ From a Trader’s Lens
As someone who’s traded at a Swiss hedge fund and built a crypto market maker, I can tell you this:
This isn’t about Bitcoin’s fundamentals—it’s short-term noise amplified by the media.Long-term holders know:U.S. selling BTC doesn’t kill Bitcoin.If anything, it highlights Bitcoin’s resilience.
The Bigger Picture
Let’s be clear:
✅ The seized BTC weren’t pre-sold.
✅ This sale doesn’t mark Bitcoin’s downfall.
✅ Bitcoin’s long-term story remains rock solid.
What’s your take?
Does this news impact Bitcoin’s trajectory? Let me know your thoughts! 🧠
#BTC #USBTC