~snip~
Even though this is not bitcoin but is this the new method of which US are trying build their own reserve by holding siezed assets
My question is; is this actually right? I think this assets are supposed to auction or sold off?
Does Not buying bitcoin actually signifies that they don’t believe in bitcoin at all and are only fulfilling campaign promises.
If you would search my post history, I'm sure you would find a post in which I wrote my opinion about US crypto reserves based on exactly what you are writing about now. While people were excited that the US would buy BTC, some like me warned that they would fill their reserves this way.
After all, why buy when you can get it for free - who can complain about anything, they make and enforce the laws - and all those who keep their coins in CEXs wallets are no longer only at risk from hackers, but also from the authorities who can always say
"your coins are seized because they are connected to crimes, terrorism and money laundering".This was always the case though, so nothing new. Instead of seizing to sell, they seize to keep. The risk was always present, people were just ignoring it.
The not your keys not your coins lesson comes one way or the other. If a person can't learn by reading, they will learn by losing.