The Monday after Trump announced he was going to turn all Bitcoin seized by law enforcement into a federal "Strategic Bitcoin Stockpile", the U.S. Government is reported to have started moving 2 billion dollars worth of Bitcoin seized in the Silk Road crackdown.
Is the Biden administration about to sell its Bitcoin in order to preempt Trump?
Resolves YES if the U.S. federal government sells at least 20,000 bitcoins before the election.
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@golf hit Is the US Government Planning to Sell at Least 20,000 Bitcoins Before the Election to Counter Trump's Move to Create a 'Strategic Bitcoin Stockpile'?
@SL slope game: The US government inked a contract with coinbase to be the custody holder for all seized coins going forward. this is a transfer to coinbases wallets.
@Slope Game I bet yes that the U.S. government will sell at least 20,000 bitcoins before the election. Given Trump's recent announcement about creating a federal Strategic Bitcoin Stockpile, the Biden administration might preemptively sell some of the seized Bitcoin to counter any political advantage Trump might gain and to manage market impact and government assets strategically.