sms on Nostr: Is the Government’s $1.92 Billion Dollar #Bitcoin transactions (~$1B to Coinbase) a ...
Is the Government’s $1.92 Billion Dollar #Bitcoin transactions (~$1B to Coinbase) a sign that they are trying to thwart a Stategic #BTC Reserve?
I find it unlikely. They’ve sold too much #Bitcoin in the past for me to think they have a newfound reason.
In total the U.S. government has sold approximately 195,000 #BTC (hard number to find lmk if you find different, doesn’t include the most recent transactions).
They started selling in 2014 and could continue selling today…they’ve made ~$.55B selling heaps of #Bitcoin for a currency they could print…but if they would have “sat” on it: it’d be worth ~$18.75B today.
If this isn’t reason to start a Strategic Bitcoin Reserve, not just on a national level, but an individual, local, professional, and state-level too, then I don’t know what is.
I find it unlikely. They’ve sold too much #Bitcoin in the past for me to think they have a newfound reason.
In total the U.S. government has sold approximately 195,000 #BTC (hard number to find lmk if you find different, doesn’t include the most recent transactions).
They started selling in 2014 and could continue selling today…they’ve made ~$.55B selling heaps of #Bitcoin for a currency they could print…but if they would have “sat” on it: it’d be worth ~$18.75B today.
If this isn’t reason to start a Strategic Bitcoin Reserve, not just on a national level, but an individual, local, professional, and state-level too, then I don’t know what is.