U.S. Government’s $29.6B Crypto Stash Drops $12B as Bitcoin Pulls Back from Peak
Key Takeaways:U.S. Government Crypto Holdings at a GlanceBreakdown of Seized AssetsHow These Assets Enter Government WalletsMarket Attention and Policy Speculation
The drawn down has raised the debate on whether the government should proceed with its liquidation of the seized Bitcoin or to treat it differently. Other observers in the market speculate that the current and subsequent administrations might put a halt to sales, and stock Bitcoin as a reserve to be used in the long term. As of yet, a policy change has been refuted officially. Nevertheless, even the size of the holdings makes the subject difficult to overlook. Even a move to sell, keep or transfer a part of BTC can affect market sentiments. Read More: El Salvador Adds $101M in Bitcoin as Government Buys 1,098 BTC During Market DipAbout Author
