Quote from: Sceptre_ on Today at 12:56:52 AM

The U.S. government's involvement in the BitcoinBTC market has been notable, with Jameson Lopp, co-founder of Casa, tracking their activities since 2014. The government has seized and sold at least 195,091 BitcoinsBTC, making a profit of over $366 million. Currently, it holds 213,546 BitcoinsBTC, valued at over $13 billion, positioning it as one of the largest BitcoinBTC holders globally. This significant holding underscores a growing acceptance of cryptocurrencies as a legitimate asset class. Meanwhile, the German government holds 46,359 BitcoinsBTC, making it the fourth-largest sovereign BitcoinBTC holder behind China and the UK. These substantial holdings by major governments highlight an increasing interest and involvement in the cryptocurrency market, reflecting a broader trend of recognizing BitcoinBTC as a strategic financial asset. The legitimization of BitcoinBTC by such influential entities not only impacts market dynamics but also suggests an evolving regulatory landscape and a shift in economic strategies to include digital currencies.

I don't remember the US government buying bitcoin, ever! Or am I missing something?

The US government has become one of the largest Bitcoin holders through the seizure of Bitcoins linked to illegal activities, such as those involving darknet markets and cybercrime. Since 2014, it has confiscated and auctioned significant amounts of Bitcoin, which you have already mentioned above. This huge amount of holding underscores the government's role in the cryptocurrency market and somehow reflects a broader trend of recognizing Bitcoin as a legitimate asset class. Other major governments, like Germany, China, and the UK, are also doing the same!

Not sure, if it will bring in the legitimacy of Bitcoin in US but I can only sense that the US government will keep on confiscating Bitcoins and auction them to fill their coffers!