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The government has made partnership with Coinbase and has entrusted them to hold seized bitcoins. So if anyone is saying that this is a sign of a market crash or a reason for it then don’t believe them and remain steadfast in your hodling.
Thanks for sharing OP, but I didn't even care when the German government sold 50,000 Bitcoins so why should I care for the government.The government has made partnership with Coinbase and has entrusted them to hold seized bitcoins. So if anyone is saying that this is a sign of a market crash or a reason for it then don’t believe them and remain steadfast in your hodling.
I mean this is why Bitcoin is decentralized. Anybody that has it can just sell it anytime they want to and that includes the government.
If this happened 5-6 years ago when most of the investors are making decisions based on what's being spread online by these online media, this news might be enough for the market to drop down in price by maybe around 5-10%. It's good that the market cap has grown up significantly already, and investors right now are more intelligent. As expected, this action by the US government doesn't have any negative impact on the market.