US Govt. holding onto Bitcoin - What will they do?

[marteebee]

I've read recently about the US government holding onto a sizeable amount of BTC - approx. $3.8bn. Seems to have appeared from the Silk Road closure a while back but I was unaware that the US were holding that much BTC. I was just wondering what do you think they will do with that many coins? I'm of the opinion that it'll be a simple auction style giveaway to the public to get rid but it does seem quite worrisome to have a state own that much in reserves. Can just imagine the market if they decided to drop all that once.

Anyway, I digress. What do you think they are up to with that BTC? Why have they held onto it for a long while? Do you agree or disagree with a central government owning such large amounts of a currency that is meant to be deregulated?

 

[Niftyyem]

It calls for concern that the government is hold on to such a huge amount of Bitcoin and as you rightly stated, it is not ideal for the markets. However, I really doubt it was intended for auctioning but may just be kept for rainy days.

 

[Ralphjoe]

The US government can you go to so many assets because they have the financial resources to be able to do that and no one can hold them accountable because what they have done is not illegal and so therefore I see no wrong here.

 

[Bilal0087]

I've read recently about the US government holding onto a sizeable amount of BTC - approx. $3.8bn. Seems to have appeared from the Silk Road closure a while back but I was unaware that the US were holding that much BTC. I was just wondering what do you think they will do with that many coins? I'm of the opinion that it'll be a simple auction style giveaway to the public to get rid but it does seem quite worrisome to have a state own that much in reserves. Can just imagine the market if they decided to drop all that once.

Anyway, I digress. What do you think they are up to with that BTC? Why have they held onto it for a long while? Do you agree or disagree with a central government owning such large amounts of a currency that is meant to be deregulated?

I do not know the purpose of holding such a big amount to Bitcoin but I think it will have a huge impact on Bitcoin price in the future and you can check out Bitcoin rate at this moment, it is going to cross $60,000 all time high record.

 

[FreshKaz11]

I strongly believe in democrat government,which joe biden is the head of all states at the moment. To me the his region will be the most helpful to the masses incase of giving much funds for the masses to be able to live a very good livelihood. US president have his reason why he hold on that huge amount of the coin for now,I guess the states still have much funds to give out to the public,as soon as they are short of funds,they will surely bring it out for the masses to spend.

 

[tuna89]

btc for sure has a high level of gain and future of btc seems very bright, major reason why you find major people investing in the crypto thereby causing the value to improve as the day goes by. The best advice for any upcoming individual is to buy some btc and hold for a very long time, expect a great gain without doubt.

 

[Suba]

Anyway, I digress. What do you think they are up to with that BTC? Why have they held onto it for a long while? Do you agree or disagree with a central government owning such large amounts of a currency that is meant to be deregulated?

As far as I know, the US government kept $ 3.8bn worth of Bitcoin not as a result of buying but from confiscation of lawbreakers or criminals, and usually Bitcoin will be auctioned off in stages so we don't have to worry, with the falling price of Bitcoin.

 

[Josemendez]

Am reading about this US investment in bitcoin for the first time now . I don't think that they bought the Bitcoin with the country's money , otherwise it would have been made popular. I think it might be seize bitcoin.

 

[Sincerem]

Laughs, they are looking for their own gain as well. What else do you think the government will be holding such amount of coins for? They just want to see the coin to increase so they sell for reasonable profit.

 

[ahmedo24]

I hope this update is real, if it is real then there is definitely all likelihood that the u.s. government is trying to buy cause inflation or deflation rather by investing into cryptocurrency which will be a very wonderful development for the cryptocurrency markets and a reassurance that cryptocurrency is the future.

 

[Sincerem]

I hope this update is real, if it is real then there is definitely all likelihood that the u.s. government is trying to buy cause inflation or deflation rather by investing into cryptocurrency which will be a very wonderful development for the cryptocurrency markets and a reassurance that cryptocurrency is the future.

That's what I'm also saying, if its real. That means the government have seen the long time benefits it will bring to its subjects. And want to reduce it to kill of unemployment rate and curb poverty. Inflation? It might help stable the economy and generate revenue through tasks which can be used to develop the country, stabilize the cost of living.

 

[Dowenship]

I've read recently about the US government holding onto a sizeable amount of BTC - approx. $3.8bn. Seems to have appeared from the Silk Road closure a while back but I was unaware that the US were holding that much BTC. I was just wondering what do you think they will do with that many coins? I'm of the opinion that it'll be a simple auction style giveaway to the public to get rid but it does seem quite worrisome to have a state own that much in reserves. Can just imagine the market if they decided to drop all that once.

Anyway, I digress. What do you think they are up to with that BTC? Why have they held onto it for a long while? Do you agree or disagree with a central government owning such large amounts of a currency that is meant to be deregulated?

Wow!!! You know the Us government holding that big amount of coin of btc which is approximately $3.8non, it shows that US government have plans towards the future currency, which is legit because they know that the future will go digital and we all know that if everything i.e buying and selling takes place digitally even beyond buying and selling of goods almost everything is going digital.

 

[Akinwale701]

I've read recently about the US government holding onto a sizeable amount of BTC - approx. $3.8bn. Seems to have appeared from the Silk Road closure a while back but I was unaware that the US were holding that much BTC. I was just wondering what do you think they will do with that many coins? I'm of the opinion that it'll be a simple auction style giveaway to the public to get rid but it does seem quite worrisome to have a state own that much in reserves. Can just imagine the market if they decided to drop all that once.

Anyway, I digress. What do you think they are up to with that BTC? Why have they held onto it for a long while? Do you agree or disagree with a central government owning such large amounts of a currency that is meant to be deregulated?

Bitcoin has become a hot cake for all countries who have embraced it over the years. The decision by the US government to hold bitcoin is a very good one.
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I've read recently about the US government holding onto a sizeable amount of BTC - approx. $3.8bn. Seems to have appeared from the Silk Road closure a while back but I was unaware that the US were holding that much BTC. I was just wondering what do you think they will do with that many coins? I'm of the opinion that it'll be a simple auction style giveaway to the public to get rid but it does seem quite worrisome to have a state own that much in reserves. Can just imagine the market if they decided to drop all that once.

Anyway, I digress. What do you think they are up to with that BTC? Why have they held onto it for a long while? Do you agree or disagree with a central government owning such large amounts of a currency that is meant to be deregulated?

Every government of a country with developing mindset has developed the habit of investing into bitcoin because it is the hot cake of the moment right now

 

[Ziki]

That is a very wise thing being done by the US government. I'm sure other countries have certain amount of Bitcoin owned by the government.

 

[Kingsley]

I think they are trying to tap into the enormous opportunities that is embedded in the crypto world. In doing this they must come in technically and control the systems in a systematic manner. They are aware of the opportunities in crypto so they want to make good use of it.

 

[Abezol21]

I guess government interests is mainly to control the btc market, and prevent it from skyrocketing.
Holding on to such an amount of btc is not good for the market.

 

[Eodine]

Some government bodies are starting to see the advantage crypto currency brings and how it can help their economy which is why I think the US government is holding onto such plenty btc.

 

[Sincerem]

I guess government interests is mainly to control the btc market, and prevent it from skyrocketing.
Holding on to such an amount of btc is not good for the market.

Lol, no. Government also invest into BTC or other coins to gain fair share of the profit around digital coins. If they buy holdl for something it will still skyrocket.

 

[Ralphjoe]

I've read recently about the US government holding onto a sizeable amount of BTC - approx. $3.8bn. Seems to have appeared from the Silk Road closure a while back but I was unaware that the US were holding that much BTC. I was just wondering what do you think they will do with that many coins? I'm of the opinion that it'll be a simple auction style giveaway to the public to get rid but it does seem quite worrisome to have a state own that much in reserves. Can just imagine the market if they decided to drop all that once.

Anyway, I digress. What do you think they are up to with that BTC? Why have they held onto it for a long while? Do you agree or disagree with a central government owning such large amounts of a currency that is meant to be deregulated?

I think the US government are holding on to Bitcoin because they want to have a steak in it when the price surge because they also know that bitcoin can be a very big investment asset.

 

[Sincerem]

As the individual investors are looking for money that's how the govt is also looking for money too, generate more revenue and develop the country more where their is need and satisfy their pockets too.