I am trying to wrap my head around the government selling almost 10k out of 200k BTC.
A few reasons....
How did the US government get the BTC?
They "siezed" it from the silk road and others. That means they stole it. From alleged criminals. Which makes them criminals.
Isn't selling crypto a violation of the sec rules?
How are you going to send a wells notice to coinbase, sue binance, force kraken to shut down staking, try your absolute hardest to create a crypto black swan by sabotaging two banks who were crypto friendly just to SEND BTC YOU STOLE TO AN EXCHANGE TO SELL IT.
Why did they sell it?
This is the big one I just can't understand. You took something that is finite, and sold it for USD, something YOU can just print trillions of whenever you want. Someone please make that make sense. Why not just hold the shit and if it gets to 1 million a coin you just solved your debt crisis?
Absolutely bonkers. I am sad to be an American sometimes knowing that these people are the ones calling the shots.
Looking for a place in El salvador.
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