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

[Cash%]

I think they might just be holding it as reserve just in case there is an emergency need of fund there would still be more funds to provide ,so they have their reason for doing so

 

[Setfragil]

I do not see any holding here in what their government did, all I saw is a country trying to do business to make some profits. Buying and holding more bitcoins will make the price to soar higher. It is a win win game for everyone.

 

[Shigobad2020]

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?

US government holding on to a sizeable amount of bitcoin seems somehow fishy , I don't think they will ever use it for a giveaway but rather use it as a reserve investment for a better purpose.

 

[Nomad]

I was not aware about the US government holding 3.8 billion USD worth of BTC. Now that bitcoin has appreciated, the value of US government bitcoin holding too has appreciated. I do not think there is any issue in government holding bitcoin or any other crypto currencies for that matter

 

[ahmedo24]

I have also read some where few months ago that the government of US holda bitcoin, personally it a good move and an indication that crypto-currency will last longer.

 

[jeff87]

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?

They can give it all away to cryptocurrency traders. I will be one of those hoping to receive Bitcoin if ever they decided to freely give it all away. But of course it's just a dream and an opinion.

 

[Sincerem]

I was not aware about the US government holding 3.8 billion USD worth of BTC. Now that bitcoin has appreciated, the value of US government bitcoin holding too has appreciated. I do not think there is any issue in government holding bitcoin or any other crypto currencies for that matter

Everyone is just looking to make some money via proficient investment scheme, so do government needs more money too. I think U.S government is futuristic enough to invest such amount into Cryptocurrency now they're gaining it.

 

[Alexandoy]

I wonder if that is not fake news because in the first place the government is not recognizing crypto currency so I guess it is a crime to buy that. Who is the government official who signed for the purchase and in what government agency is he connected?

 

[Shigobad2020]

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.

The US government has for seen the future of crypto currency and bitcoin originally and they are also holding it to make better returns in the future , its an opportunity to them.

 

[Nurudeen]

The US government also know Bitcoin or crypto currency exchange Business is good to invest into. They are only against the market just because of the fact that they can't regulate it

 

[Ralphjoe]

The US government has for seen the future of crypto currency and bitcoin originally and they are also holding it to make better returns in the future , its an opportunity to them.

This is the reason why I will always say that the US government are the best government in the world because they have visionary leaders who see beyond they are noses or now.

 

[Jlife]

Well if the government are also engaging in cryptocurrency then obviously the price of bitcoins will rise to a new level, it is just a matter of time before others begins to adopt into the cryptosystem.

 

[Rhapsody]

With the way I see it. The government also have believe in bitcoin and they want to invest in the coin but don't want the public to know about there interest in bitcoin. This is a sign that crypto currency will do well in the future

 

[mcjerry]

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.

I agree with you. They might be keeping it till when a huge storm that will bring heavy rain will happen. US are wise. They are not declaring it clearly that they are in support of crypto currency

 

[Filicit]

The government is a body of its own, and why would a body or anyone want to hodl btc or any other coin, to make profit and make more profit of course.

 

[Elfinito]

Holding onto a siezed commodity surely means they have other plans for it.
Bitcoin is a good investment and so they government can also make use of it to get some revenues

 

[Kelly5]

I can't actually say what they plan on doing with that huge amount of Bitcoin if that news is true. But one thing is for certain, they didn't do that to simply make the Bitcoin just popular. They mean business

 

[Senator]

I surpose this question will be best answered by the united States of America government then. Because this kind of investment can b for nothing except it is for something like a huge safeguard net

 

[Justin]

I don't know about this, I have never read anywhere that US government has invested in bitcoin. If that is true, my be United States has a lot of power over Bitcoin market.

 

[Sincerem]

That's exactly what the government is trying to do but that's very hard for them. Those who created the coins, simply made majority of them to operate anonymous and not for the government to be monopolizing on them.