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The U.S. government just had a major Bitcoin facepalm moment. Turns out, selling off 195,000 BTC between 2014 and 2023 might have been one of the worst financial moves ever—costing taxpayers a staggering $21 billion in missed gains .
Here’s the breakdown:
- The U.S. Marshals Service sold seized Bitcoin (mostly from Silk Road busts) for just $366 million over those years.
- If they’d held onto it, that stash would now be worth $22.2 billion at today’s prices (~$114,000 per BTC) .
- The biggest oops? Auctioning 29,657 BTC in 2014 for $19 million—now worth $3 billion+ .
Even Germany’s infamous 2024 Bitcoin sale (missing $3B in gains) looks tame compared to this . The kicker? The U.S. still holds 198,000 BTC (worth ~$22B), but critics like Senator Cynthia Lummis say the early sales were a "deeply troubling" blunder .
Moral of the story? Maybe governments should listen to Bitcoiners: HODL .
Sources: Crypto.news, AInvest, Cryptorank, CCN, LinkedIn
