Hey guys,
What do you guys think of the US Government Owning so much Crypto that it "got for free", those wallets are controlled by DOJ.
BTC: bc1qa5wkgaew2dkv56kfvj49j0av5nml45x9ek9hz6 ~= $3,755,714,388.06
BCH: qqrkjml7h3ymnc7ydd9m5r9s9hnqectmluwpxezd9a ~= $37,317,659.98
BSV: 1F884r9J2WKbu8wekebqqRcu1Bw1jiRXba ~= $12,932,669.07
And when they auction off these sums do you think the price of BTC will drop a lot or not?
Plus what do you think about how the government can just come in and take your Bitcoins for any reason.
Would love to hear your opinion on this matter.
The U.S. Government is operating on a different scale. These $3.8bn will last around 4 hours of their spending[1].
These are seized coins that sooner or later will go to a public auction.
The price will not drop as DOJ is usually auctioning on a small scale. There were many auctions in the past without moving the price.
--
[1] How much does the federal government spend each day?
https://datalab.usaspending.gov/dts/?start=20210208&end=20210308&frequency=today&category=All%20Categories