Why does everything turn into nothing but good news the moment it rises?
Do you remember the Bitcoin reserve order Trump signed last year on March 6? The seized coins are not allowed to be auctioned again—they’ll be kept.
Recently, the U.S. House of Representatives passed the “Strategic Bitcoin Reserve Act,” which stipulates that Bitcoin will be locked up for 20 years (not yet officially enacted).
The current estimated balance of the Bitcoin reserves is between 198,000 and 328,000 coins.
Just look at where this batch of coins came from—you’ll understand. Silk Road, the Bitfinex recovery, the Prince Group case—almost none of these were bought with money.
The good news is that there won’t be any sell-pressure risk over the next 20 years.
The bad news is that it’s all confiscated—no money was spent at all.🫡
Do you remember the Bitcoin reserve order Trump signed last year on March 6? The seized coins are not allowed to be auctioned again—they’ll be kept.
Recently, the U.S. House of Representatives passed the “Strategic Bitcoin Reserve Act,” which stipulates that Bitcoin will be locked up for 20 years (not yet officially enacted).
The current estimated balance of the Bitcoin reserves is between 198,000 and 328,000 coins.
Just look at where this batch of coins came from—you’ll understand. Silk Road, the Bitfinex recovery, the Prince Group case—almost none of these were bought with money.
The good news is that there won’t be any sell-pressure risk over the next 20 years.
The bad news is that it’s all confiscated—no money was spent at all.🫡
