US Government paper handing then. Seems like an F U to Trump after he spoke positively about Bitcoin and hinted at a US Strategic Reserve, promising not to sell any of the coins they currently possess.
We’re ticking off these FUD weapons though aren’t we. Germany done, Mt Gox on the way to being done and now US Government selling. Price is holding relatively strong at $67,457. I think 3 x from here by the end of 2025 seems very possible. FUD is running out, not much to stop us soon.
I still don't get why these governments sell those BTC. For the USA 2 billion dollars is peanuts and don't they understand that it much better for them to be sitting on a good bag than emptying whatever they have all the time?
I read on Coindesk that in the case of Germany, they were forced to sell because BTC fluctuates in value and since it is still an ongoing litigation going on,
German law says this:
the sale of valuable items before the conclusion of ongoing criminal proceedings is legally required whenever there is a risk of a significant loss of value of around ten percent or more.
In the case of the USA, I don't really understand it.