**đĽ BREAKING:** U.S. Government Approved to Sell $6.5 Billion in Bitcoin
Wondering why Bitcoin is dropping? Hereâs whatâs happening:
The U.S. government just got approval to sell 69,370 BTC seized from Silk Road, the Bitfinex hack, and James Zhong. This stash is worth $6.5 billion.
But is this a sign of Bitcoinâs downfall? Letâs break it down:
**1ď¸âŁ Will This Tank Bitcoin?**
No. The market is overreacting.
This sale isnât sudden or unexpected. The governmentâs BTC holdings were already factored into the market.
**2ď¸âŁ Will the U.S. Sell Now?**
The incoming Trump administration has promised not to sell Bitcoin and even suggested creating a Strategic Bitcoin Reserve.
However, the current administration seems determined to sell before January 20, making it a race against time.
**3ď¸âŁ Trumpâs Strategy: Smart Move or Empty Talk?**
Trump advised Bitcoin holders to ânever sell your Bitcoin.â
But will the seized BTC become part of a national crypto strategy? Probably not. Holding such assets is politically sensitive and operationally challenging.
**4ď¸âŁ Were the BTC Already Sold?**
Thereâs speculation that the government pre-sold these BTC through a Coinbase credit line.
But thatâs unlikelyânobody would pay a premium for $6.5 billion in Bitcoin via credit. Thatâs not how markets work.
**5ď¸âŁ A Traderâs Perspective**
Speaking as someone with experience at a Swiss hedge fund and in crypto market-making:
This isnât about Bitcoinâs fundamentals. Itâs short-term noise magnified by the media.
Long-term holders understand that the U.S. selling Bitcoin doesnât weaken it. If anything, it proves Bitcoinâs resilience.
**The Bigger Picture**
Letâs be clear:
â The BTC havenât been pre-sold.
â This sale doesnât spell disaster for Bitcoin.
â Bitcoinâs long-term outlook remains strong.
What do you think?
Does this news affect Bitcoinâs future? Share your thoughts!