The stock of the first cryptocurrency of the United States was supposed to exceed 400,000 BTC, but instead the Democrats sold a significant part of the assets at an undervalued price. This was stated by the CEO of Bitcoin Magazine, David Bailey.
America should have over 400,000 bitcoin on its balance sheet right now, but instead Democrats sold 187,078 Bitcoin worth $12.5 billion for a paltry $282m. They fumbled generational wealth.
Trump should establish a strategic bitcoin reserve to stop the looting of our nation's…
According to him, the government at an unspecified time sold "187,078 BTC worth $12.5 billion for a paltry $282 million."
"They have squandered the wealth of generations. [Donald] Trump should create a strategic reserve of digital gold to stop the looting of our country's future. America should not sell a single bitcoin, and we must return the ones that have already been lost," Bailey added.
One of the users in the discussion under the post noted that the United States "sold bitcoins for money that can be simply printed."
Another drew attention to the sales of the first cryptocurrency during the Trump presidency. However, during his term, he sold much fewer assets — about 8513 BTC.
1/30 the amount...
— David Bailey🇵🇷 $0.65mm/btc is the floor (@DavidFBailey) June 18, 2024According to Arkham Intelligence, at the time of writing, 217,486 BTC worth $14.7 billion is stored in the wallets of the US government.
Bitcoin is the balance of the USA. Data: Arkham.Recall that in January, the United States notified of the planned sale of 2,875 BTC confiscated from drug dealers of the Silk Road darknet marketplace, Ryan Faras and Sean Bridges.
In early April, a wallet controlled by the American authorities initiated the transfer of ~2000 BTC to the address of the Coinbase Prime platform.