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.
Often what a government does is just for show and makes no sense at all.
Probably dumped just because Trump was at Nashville Bitcoin.
Look at the UK nonsense ideas from Monday by the pathetic new Labour government: limiting winter fuel allowance payments for pensioners to save £1 billion.
Yet the previous government has increased how much it is having to pay on asylum seekers from £410 million to £4 billion per annum over the last 10 years.
The Labour government clearly want to dig a knife further into the elderly, who normally don't vote for them anyway.
The message is literally fuck the elderly, they can die. The illegal invaders arriving on our shores on boats from third world France are more important apparently.
It has nothing to do with caring for people, but purely sending a message.
A billion here or there makes absolutely no difference.