Topic: Are you worried about the US Government moving BTC? (Read 484 times)

I understand that buying and selling BTC is a part of the market, whether it comes from retail investors or whales. When someone sells, someone else has the opportunity to buy, that's normal and the market liquidity is maintained like that.

What I worry about is that large-scale BTC selling behavior can cause BTC to adjust too much, affecting the market state and making technical analysis and on-chain analysis experience no longer effective in assessing the market state and making investment decisions. If the selling action is carried out cleverly to bring the seller the most money, the market will go through a gentle re-accumulation phase and continue to grow more strongly soon after.

Total bitcoins owned by US. government is similar to total bitcoins owned by MicroStrategy, only 10,000 more bitcoins. We know MicroStrategy will continue to buy more bitcoins and Bitcoin Spot ETFs will buy more bitcoins.

If the US. government sell their bitcoins, it will cause selling pressure on the market in short term but price will recovery after dip.

If they sell and give you cheap price, it's your good chance to buy more cheap bitcoins. Your belief in Bitcoin is strong, or not strong enough, to buy that dip when it comes but I am sure MicroStrategy and Bitcoin Spot ETFs will not waste such opportunities.

https://bitcointreasuries.net/

I agree that BTC and the crypto market do not depend on any country, be it China or the US. What I'm concerned about is how the selling pressure, if any, from the US government will affect the BTC price and the entire crypto market.

I heard that this move by the US government is only related to a lawsuit, not for liquidation. The US government has not made any further announcements, so we can temporarily believe in the latest updates.

I also share my view on the impact of government on the crypto market: the existence of crypto does not depend on governments, but it will be better for the development of crypto if it is supported by governments!

• Can governments crack down on crypto?

I don't care, just DCA and hold BTC.
Why? I do believe it's not only the US country is driving or helping the Bitcoin price to climb, although they are huge and helpful countries for Bitcoin.
Because if we do rely only on government, the essence of Bitcoin is being disregarded. We must practice not to fully rely on these governments.

and besides how much do US government are going to see that will affect the market that big? when there are some whales that have much more than the amount US has?so we should not be alarmed by all means.

maybe OP is just concern about what would bring this action or if this will damage the market for big movement.

I believe that Satoshi will never touch the first 1M BTC because Satoshi himself has chosen to remain anonymous to protect the value of Bitcoin. Satoshi will not move 1M BTC and negatively impact people's confidence.

The 1B USD worth of BTC that was recently moved by the US government may not have a significant impact on BTC price and the entire market, but extreme policies could have a heavy impact on BTC and crypto even if they do not disappear. I think we can worry about that. In the meantime, the US is still a country that does not ban crypto, and presidential candidates and lawmakers are talking about BTC, so we can be confident about the future of BTC and crypto.

• Can governments crack down on crypto?

I know that Satoshi Nakamoto will not sell his BTC now because they are part of those things that is giving people mind to continue to invest huge amount of money on BTC because, they know that they will recover their capital and still add more profits at the end.

I know that government cannot stop BTC not to continue spreading, so why I my have to worry about some government plan towards BTC and, I know that BTC come to stay for good which people have experienced the good side of BTC that is giving people hope that before BTC will be crossing the age of 20, it will make many nations to adopt it for good.

Thank you for the extremely detailed answer. I also hope that this action of moving BTC by the US government is just to gather or prepare for a compensation event for users in the future. Although the value of these BTC is only about 1B USD, it can be bad news and is enough to cause the price increase of BTC to stall.

I also think that we should be proactive in our own long-term investment strategies in BTC instead of being influenced by news related to a few large entities in the crypto market. At least, at this point we have seen 1 BTC = 72.8K USD, investors are not worried about the event related to the US government's BTC move.

A single government, even a powerful one like the US, likely wouldn't cause a total market meltdown by selling its seized Bitcoin.  The crypto market is a global beast, and the US doesn't hold all the cards.  Think of it like a giant ocean – a single raindrop wouldn't cause a tsunami. Now, you're right, other governments probably have seized crypto as well.  Criminals don't respect borders, and neither does cryptocurrency.  The question is, how are these governments handling it?  There's not a lot of public data, but it's a safe bet they're figuring things out as they go.

The Silk Road auctions you mentioned are interesting.  Selling off seized coins in smaller batches is a more measured approach, and it seems to have worked without major disruption.  Smart move on their part! But let's entertain the "Satoshi Nakamoto market dump" fantasy for a second.  Even the creator of Bitcoin dumping their entire stash  wouldn't necessarily destroy the market.  The technology behind Bitcoin is what truly holds value, and that wouldn't disappear overnight.  The market might take a hit, sure, but it's a resilient beast.

The only people who should worry so much about the US government selling the Bitcoin in there holdings are those who are in for quick and shot profit because once they buy and US government decides to do some sales the volume they will remove from the market will make the market drop down a little which is not going to look good especially when they sell large amount. And this kind of change can take weeks or days before it could be able to reverse and go back up again to normal which a shot trader might not be able to stay that patient.

But it seemed to me that it was easier for them to simply print money out of thin air.

I get the impression that they themselves don't know what to do with this type of asset.

The current price may not be the most favorable for selling, since further growth is quite likely.

Ask them yourself. How do we know what they are going to do?

I think not now, otherwise they would have sold it a long time ago. You don’t think that the government sat and waited for the current hype to start in order to sell it more profitably?

Of course, this will have an impact on the cryptomarket, especially if  bitcoin is sold in large quantities. Any sale (especially in large quantities) negatively affects the current price. Also, add to this the information impact of this news.

The purpose of an investment strategy is to not deviate from it and continue to adhere to it in any case.

Why worry about it? Large sales of bitcoin periodically occur on the cryptomarket and this can be treated as a normal phenomenon.

1. I think it is the US government that can accurately answer that. They, of course, have their plans but these plans will only be known to the insiders who are privy to the immediate and the future plans. So, it's better we take our minds off it and continue to enjoy Bitcoin as it is.

2. Not at all, it can't have a lasting negative effect on Bitcoin. The 15,085 BTC is nothing compared to the almost 19.7 million Bitcoin already in circulation. And as it is now, it is not respectful in any way that Bitcoin would be clamped down upon by the US government yet, so it is business as usual.

3. There is nothing to worry about here, Bitcoin is in its bearish season, and this doesn't stop demand and supply from happening. Many Bitcoins have been dumped even today and many have been bought this same day, so a mere few thousand of Bitcoin dumps can never be of significance to the market.

Just continue to be more speculative and enjoy while the bullish trend lasts.

Should they now also keep holding the peoples asset down without releasing it to the network and other people investing to benefit from it, releasing it to the market stream doesn't not inflate anything in the market price neither does it reduce anything, they are also holding down those financial assets seized in an illegal way, indirectly we can say that the US government too are investors and holders of bitcoin peradventure the seized coins are sold out amidst themselves and they decided to hold the remaining left with them.

Actually, I had also no headache about that matter what and who ever govt doing to bitcoin. And the cause is known that js is only because bitcoin has the decentralized peer to peer eco system and no one and no government can control it about by self. I was also have some fear in my mind before because United states of America is moving to bitcoin and that because they are always in work for controlling this ecosystem. But now I think we don't have to be so worried about that because even if they can have some effect on bitcoin that will for few time but for the large scale not will not be possible.

I really couldn't care less about the US government owning and/or selling some bitcoins. If someone is even slightly worried about this then maybe he should look somewhere else. There will be no impact on the market, every day thousands and thousands of bitcoins are bought and sold, 15k more is not a big difference, there are whales who own even more than that.

Not ever, I've seen companies flood the bitcoin market back then and try to manipulate bitcoin price back then, US government isn't any better than those whales and institutional investors, they're nothing to us retail investors and long-term hodlers, they're not going to be a problem even if they move their bitcoins or sell of it. I'm more worried from the fact that I'm not getting paid enough in my work so I can invest more in bitcoin and still be able to pay the bills and some leeway to indulge myself.

I find it funny that people are always like this when whales or big money is involved in bitcoin, no matter what it does to the market, it's going to be just fine, no need to worry because if the price of bitcoin goes down because of them then it's good for you because that's an opportunity to buy cheaper bitcoins, get more bang for your buck.

Who cares with someone moving their own BTC, if you own Bitcoin and want to move it, I don't care too. Why should I need to care with someone else financial decision? Bitcoin is just a currency, similar to fiat.

If your friends use their own money to gamble, will you intervene him and say it's not good to gamble because you only lose your money, you can use the money to give other unfortunate people instead? mind your own business.

I think what you said is totally correct though my experience may not be that much, but see it will even crave more room for the less privilege to dive in and utilize opportunity of buying and holding BTC, as  it's even more difficult for them to afford currently.

The US government has bitcoin, which means they are bitcoin investors like the rest of us, they sell bitcoin for profit just like many other whales and institutions do. Why is the bitcoin community angry about this? If it were me, I would be even more excited because I don't like governments holding a lot of bitcoin, I want bitcoin to belong to the community more. So if they sell them all at once, it will be like killing two birds with one stone, those Bitcoins will no longer be owned by the government and this is also an opportunity to buy cheap. Looking in the long run, that's good for the market.

1. The US government knew the potential of Bitcoin to gain profit so maybe they will if it reach another all time high soon.
2. Moving huge amount of Bitcoins is undoubtedly can cause the price move a little back down but we all know it will then bounce back and that is just natural here in this industry just look at the chart and you will see up and down trends on bullish and bearish season.
3. Nah, I am not worried about that what is important is I keep on accumulating until I reach my goal.

Here is the thing even if US government managed to accumulate 1 million bitcoins all it can do is price manipulation which is completely different from controlling the bitcoin and for the record, the esmtination of lost bitcoin is around 4 million bitcoins so the lost assets exceeds what someone have that makes the price of asset to go higher due to reduced supply and to answer I am not worried and US government is not going to control in this way in my opinion, they are trying to squeeze the crypto platforms by hammering them with regulations and lawsuits.

On the one hand, the United States government has fairly bad viewed of bitcoin drastically difference opinion on other side  very aggressive in freezing bitcoin assets from several criminal cases and storing them in their wallets. So far the number of bitcoins confiscated to date has reached more than 207,189 and is the only wallet with quite a large number of bitcoin holders. It doesn't seem fair what the United States government is doing with the amount of bitcoin they confiscated that is currently not being returned to investors or consumers who are victims of crime.

Its still not possible to speculate on the amount of bitcoin transferred by the United States government at this time whether it will remain as collateral or confiscated by the state and there is a possibility that it will be sold before the halving and the price of bitcoin has reached almost $70k.

No worried.

I think they will do it and the proceeds will go into US treasuries... As for the impact, of course after the sale of BTC by the government there will be volatility, but only in the short term. This is also a repurchase opportunity for anyone who wants to increase their BTC holdings. In my view, the more BTC that leaves its owners, the more people will buy in and this will increase the level of confidence in BTC's long-term prospects in the future.

Regarding personal investment strategies and if you are used to market volatility as you said in the vote above, I choose I don't care, just DCA and hold BTC and that is also not a reason to panic so we have to throw away our BTC for no reason. clear.

- I don't think they, like us, understand that bitcoin will increase in price over time, like cryptographic assets, and will gradually sell them to the market.
- let it happen to see, because in the current context as I mentioned before, the pressure on the case is not too great, it will just be like normal news in the space. And if they are willing, there are always contractors who will pay to keep those bitcoins if they need to sell them all.
- Surely this is not an event that concerns me much, because we have bigger stories that confuse the weak minded (the Mt. Gox story).

I agree with this: the US government can sell BTC within their budget, and I believe they will not sell hastily and cause the BTC price to be too negatively impacted. Every seller wants the asset price to remain stable or continuously increase to get the maximum amount of money.

BTC price is currently moving sideways and the trend cannot be decided even though it just touched 70K USD. I think this comes from the selling pressure of Genesis and the US government. Anyway, the selling pressure from them is insignificant compared to the buying pressure from those who are FOMO. This could be an opportunity for many Altcoins to receive cash flow from BTC and grow strongly.

I really feel that concern considering how the US government's feedback on Bitcoin is quite negative. It is possible that at a certain time or indeed it has been done little by little they sell it and see the decline that occurs which is quite significant and has an impact on the market. With the large number of Bitcoin holdings and the attitude of the US government, this depends on whether, after the ETF is running, it can immediately respond when Bitcoin from the US government is sold. The point is that there are strong hands ready to buy. Regarding the profit-taking strategy, it is certain and the US government will make many of the Bitcoin community angry if it sells at the same time. This year is getting closer to the Halving, so the government's transfer of Bitcoin is something to be wary of.

The US government has the right to sell all confiscated BTC, which was seized from criminals. Why would anyone be worried about this?
This might create a short term price drop, but the serious crypto traders shouldn't be worried about this. Of course the crypto newbs will panic and start panic selling again, but this is yet another opportunity to get BTC at a lower price. "Weak hands" always lose on the market.
I'm sure that the US government wouldn't sell all the BTC at once. This would lead to a lower BTC price, so the overall revenue from the sales will be lower.

I voted for DCA and Keep Holding so that clears my stand that I care nothing about if the US government selling or now because one way or another someone (in the whales will do the same) so why should i really care?
When I decided to trust bitcoin that comes with the ups and down of the value so I will stick to that.

1. I don't give a damn.
2. I put a lot of emphasis on the difference between the short term and the long term. For investments, for gambling and life in general. In this case it may affect the market downward at one point in time but it doesn't change the long term perspective I have.
3. Of course not because I invest for the long term.

If you say that we shouldn't be worried then we shouldn't be worried  , I think that it's a really crazy thing that US got the highest number of bitcoin and they don't even accumulate their bitcoins, they just seize those bitcoin that was made from illicit activities and now they've got a really huge amount of money sitting there, just waiting to be used I guess, what they're going to do with the money is still mystery to me though like why are moving those amounts somewhere? Needing another source of money for military budget?
We're opposite because I'm a long-term hodler so I almost always want bitcoin to go down in prices when it comes to me buying some bitcoin, I want to make sure that I'm getting a huge value whenever I buy and that's what I always wait for whenever I have a huge payday with my job and other side hustles. There's also the fact that I believe in bitcoin and it's inevitability to be able to go back up again whenever the prices are dumping and everyday is another new low for it, it will eventually recover which have been done many times before.

I don't feel happy whenever the price falls down. I guess that's normal for everyone of us here. So when the US government decides to dump their coins, that would make me a little sad because that would mean the price would be affected. But since I know that the correction would be temporary and that the demand would eventually erase the selling pressure, I think I generally don't care. Especially at this point when the global demand is rising so fast, the US government selling won't really be a game-changer.

I do not care at all about what US Government does with the Bitcoin they have stolen from someone. The amount of volume which is being added to Bitcoin everyday is way beyond their control and I am sure, it will continue to uprise no matter what any country's government does. Also, can we some considering US to be the only nation in the world? Why not talk about the positive impact EL Salvador is making for the Bitcoin?

I don't care and don't feel worried, that's their business and also their right because it's not my Bitcoin and it doesn't harm me either.
And the only thing I'm worried about is if Mr. Satoshi Nakamoto sells his holdings, because that will make the price of Bitcoin drop very significantly and apart from him I wouldn't worry and also don't care about it. 

1. Why would I? That's nothing compared to the actual volume that we're having. But those with heart problems probably has to prepare themselves upon hearing the news that they have already sold that quantity of Bitcoins.

2. Probably but it's for the short term and just as how the quick crash has happened yesterday. You'll just see the quick recovery that became a normal thing for Bitcoin.

3. Nope. I'll keep holding no matter how bad the news are or whoever is going to dump their Bitcoins. Because there will always be someone who's bigger who would like to take those sold Bitcoins.

I try not to concern myself and worry about the things that I cannot control, and this example is one good example of the situations that I cannot control, hence so not worry myself. The US government can move BTC in any quantity that they like, it is no concern of mine.

Concerning yourself with things you cannot control os distracting, and can sway you from the focus of accumulating your own bitcoins.

I honestly can't imagine why anyone would care that the US govt has bitcoin. I don't get the fear people have around any entity having a lot of Bitcoin. You're afraid they are going to sell? Guess what, that's perfectly acceptable lol. Anyone is allowed to buy or sell as much Bitcoin as they want. There is no problem there. I really don't understand this panic people have about large bitcoin holdings. Let people, companies, govts, whoever do whatever they are gonna do with their Bitcoin. It doesn't affect you. There is no reason you should at all care, let alone be worried.

On its own, I doubt that it would have any significant impact on BTC or the crypto market, but when it happens together with a series of other events then it can have an impact. For example, if the US government decides to sell its Bitcoin when other whales are selling the collectively, they can have a negative impact.
Also, I said it won't have a significant impact, not like it would have an impact at all. In the middle of last year, the price dipped a bit but it was only for a short term, that could be for a whole lot of reasons, it could also be because of FUD, but eventually, the market corrects itself.


I wouldn't say "worried" but it's good to keep an eye out for the updates of such things.
These are events that can affect your investment so not paying attention to them is not a very wise thing to do. It doesn't necessarily mean you'll change your investment plans but it will help your investment decisions to be informed ones.

First off, great post and structure. Thanks for the taking the time to put this together.

1. I dont think it will go any where near spot markets, if they do sell it will be to OTC houses. I do also speculate they are weaponising the BTC transfer as some way of trying to tame the markets.
2. I think it will be a positive if they do sell in the long run, there is 15k of btc locked up in GOV coffers that would get redistributed out to the market. Thats a good thing!
3. No change

I don't quite understand what the impact is supposed to be because the op mentioned how the US government transferred 15k BTC, which coincided with Bitcoin growing and reaching the price of $60k. Then there's a story about a price drop in July after a transfer of 9,800 BTC. To me, it kind of shows that there's no strong correlation, there's no significant impact. It went down after one transfer and up after another. So there's no reason to worry. The market is growing fast, and it can continue to grow or suddenly collapse regardless of the US government's actions.

They don't have enough BTC to cause a major crash, they can only cause some short-term panic. When you're looking at price movements, you should also consider how long they last. Like, maybe the US dumping the coins that they have would drop the price by 10%, but in a week or two the price will return back to its course. Even if Microstrategy dumps, the price will eventually recover.

The only holder that you should be worried about is Satoshi, because a million of coins + the reputation loss of the creator abandoning their creation would be pretty bad and the effects would be felt for many-many years.

1. Probably yes, probably no, they can do anything with their coins. Same like a centralized exchange can freeze someone else coins without any reason.

2. No, because it's not only a global institution that can buy and sell Bitcoin, if they sell their Bitcoin, the retails can buy it. So what's the problem?

3. No, it's really stupid to rely your investment because of someone else's decision, would you stop to invest in Bitcoin because your dad or your friend say Bitcoin is scam?

I'm not worried about the US Government selling off  Bitcoin and it only happens in a short period of time because of selling pressure and Bitcoin we still stabilize. Therefore thinking about Bitcoin is beyond measures and Bitcoin is still the best of digital assets that have a specific amount created and No additional Bitcoin will be created and that is the sweetest part of Bitcoin business.

For what it is I can say that from this part of your thread as I quoted  you have said it all. For bitcoin has saturated and penetrated the market today  beyond what it were decade ago and just the selling of 1B USD worth of bitcoin by any entity wouldn't sink bitcoin because someone else somewhere will be buying from the seller to hodl for another circle to make profit, so the price would rather keep rising with time after a little sell effect and then boom, we are back up again to another price rise.

Simply put, the seller is not selling in vacuum  which is why I or anyone should have no reason to fear. GBTC sales is a quick example. Bitcoin still doing great.

On the other hand, a sell of such amount of bitcoin by the US government is something I'll rather say we celebrate as it reduces the quantity of bitcoin in government possession to private individuals and entities thereby reduces the whale-effect manipulations of such government on bitcoin market price.

Just think about that!

i. I am not an insider in the US government, therefore don't know if they have any plan to auction any confiscated. There is usually an announcement from the government about their intention to sell these bitcoins. Interested parties would have to bid for the coin. I don't think there is any announcement about any future sales.
ii. These sales would always generate FUD because many media houses and crypto analysts would come up with different negative consequences. But the few auctions I have witnessed had little or no effect on the price. Even the slight effect disappeared within a few days.
iii. Like I stated above, this auction usually has minimal effect, hence there is no need to adjust my investment plan. Long-term holders don't pay much attention to FUD.       

From what I understand they sell those otc and they are auctioned off. At least that’s how it was in the past. I don’t think they will send it to coinbase and do a market sell on there.

What surprises me is that they haven’t sold anything since last July and price has been much higher. I wonder what they are waiting for. Now would be a perfect time because most of the sells would be absorbed by the etf inflows. If they sell during a bear market then it would be horrible for price but now since we got lots of demand the market should absorb it.

This is an old question, nearly as old as Bitcoin itself.
The answer is always the same: nobody cares.

The reason why people don't and shouldn't care is pretty simple too.
First of all Bitcoin is not like those PoS shitcoins to give any kind of power to anyone holding any amount of bitcoin.
Secondly for the "investors", the US government isn't going to sign up on some centralized exchange and sell/dump these coins on the market to cause any drops in the market. These coins are always auctioned and sold off the market so it won't affect the price at all.

For me, I am not worried at all. The market has become so strong that it can absorb the large amounts of Bitcoin that the US government seized with ease. Of course there will be a slight impact, but that will not last for a long time and the wave will soon return to the rise again.

Such news would have caused concern in the recent past when the market was bearish and liquidity was low, but now with this strong momentum and significant rise, I do not expect it to have a significant impact.

Also, throwing these large quantities owned by the government into this bull market will be better for the market to get rid of the anxiety caused by these quantities because it will lead to a decrease in the quantities in the hands of the US government and it will not have a significant impact in the future or be used to put pressure on the Bitcoin market.

1. Maybe, maybe not. Doesn't matter to me.
2. If they sell, sure, simply because it's sell pressure.
3. No. If the price drops, then it's a better opportunity to buy bitcoin for cheaper.

Seriously, after being here for 7+ years, you wouldn't care much about the price. Even if bitcoin drops 20-40% it'll be nothing out of the ordinary.

So I guess the question is whether I'm worried about the US government dumping its seized BTC on the market all at once, thereby causing said market to crash?

Nah.  By the way, what about all the other governments in the world?  Do they have control over bitcoin seized from criminals (or alleged ones) or gotten through some other means?  It's hard to imagine the US is unique in that they've caught people doing illegal stuff and took their bitcoin as their own.  Not sure if there's any data on that, because if there is I've never heard any mention of it.

Also, I thought at least some of that bitcoin (and perhaps various altcoins, too) was auctioned off from the Silk Road bust, though I'll admit I haven't been paying much attention to any of that.  But again, I'm not worried in the least.  If you really wanted to inject some fear into your paranoid heart, just imagine Satoshi coming back and dumping all the coins he mined onto the market all at once.  That might cause a wee bit of chaos....and then the market would recover as usual.  Fear not.

The Bitcoin market now is bigger and can absorb sale from US government easily. I have no fear about it and we did knew that the US. Government have plan to do this many months ago. They announced they will do it so this news is only shocking for newbies, not for senior people in this market.

With Bitcoin Spot ETF massive demand on buying, they will buy all sales from US. government without thinking. They will buy almost all bitcoins from OTC market to US. government. They know about the Bitcoin controlled supply and don't want to miss this great opportunity.

Bitcoin Controlled supply.

BTC has evolved beyond its initial status as a novel financial instrument. It's gaining mainstream acceptance and reportedly finding its way into national reserves. The US government alone holds a substantial amount of BTC (~ 207,189) seized from criminal activity, with a current value exceeding 14B USD^[1]. This surpasses holdings by major corporate investors like MicroStrategy (193K BTC) and positions the US as the world's largest holder of government-confiscated Bitcoin.  Given the significant size of this holding, the U.S. government's actions in the crypto market can be seen as having a whale-like impact, potentially causing significant price movements.

The US government sent shockwaves through the cryptocurrency world with a recent transfer of 15,085 BTC, valued at roughly 922M USD. This action coincided with Bitcoin reaching a new high of 60K USD, sparking speculation about a potential profit-taking strategy by the government^[2].


Concerns are mounting as this move echoes a similar transfer in July 2023. Back then, the government transferred 9,800 BTC (around 300M USD) which was followed by an 18% price drop for Bitcoin, falling from 30K USD to 25K USD^[3].


Despite the current price of Bitcoin reaching 68.5K USD and nearing its all-time high of 2021, the crypto community remains jittery.

Personally, I believe that the US government may consider selling confiscated BTC to generate revenue for the national budget. Unlike private investors focused on long-term holding strategies, the government's primary goal is to manage seized assets effectively. The current price of BTC could present a favorable opportunity to sell and increase government funds.

At the same time, I think: despite recent price gains and positive investor sentiment, a potential 1B USD liquidation by the US government is unlikely to significantly impact the rising momentum of BTC or the broader cryptocurrency market. Similar large sales, like FTX's 1B USD worth of GBTC sale in January^[4] and Genesis' current 1.3B USD worth of GBTC sale^[5], haven't had a major effect on BTC price. Considering the current market excitement and the high daily trading volume of BTC, exceeding 70B USD, a 1B USD sale from the US government wouldn't be a major cause for concern.

I would like to know your views on the possibility of selling 1B USD worth of BTC from the US government:

• Do you think the US government is about to sell 15,085 BTC?
• Will this event have a negative impact on BTC and the entire crypto market?
• Are you worried and changed your investment strategy because of this event?

---

References:
[1] Countries & Governments that Own Bitcoin
[2] US gov’t moved $922 million of seized Bitcoin after BTC price broke $60,000
[3] US Government Transfers $300 Million Worth of Seized Silk Road Bitcoins
[4] FTX Sold About $1B of Grayscale's Bitcoin ETF, Explaining Much of Outflow: Sources
[5] Genesis Cleared to Sell GBTC Shares Worth $1.3 Billion