Post
Topic
Board Bitcoin Discussion
Re: $39 Million Worth of BTC Will Be Auctioned Off by US Government
by
DoublerHunter
on 10/02/2020, 16:40:25 UTC
~snip~
Another concern; will this going to bring down the current bullish of Bitcoin if executed?
^ Seriously? I have read with Pooya87's that this is not good news. But I was shocked since I don't really get the point why the US Government is auctioning Bitcoins that they could barely accept on their market. If these high amounts are being auctioned without any harm to bitcoin's price, I guess that bidders are the whales who play well in the crypto-market. Nevertheless, I am having this idea that US-Government can earn enough cash with Bitcoin by selling it and letting people use it then they will bust them out just in case they violated the rule. What a good strategy right there!