#The US government's 6.5 billion Bitcoin sale process is strict.#
Hot Topic Overview
Overview
The U.S. government currently holds $6.5 billion worth of Bitcoin, but selling these Bitcoins requires a rigorous process. According to professionals, the selling process includes court approval, civil forfeiture application hearings, and marshal procedures, and it is not a simple process. Furthermore, the possibility of these Bitcoins being included in strategic reserves is also low, so the market should not have high hopes.
Ace Hot Topic Analysis
Analysis
The U.S. government holds $6.5 billion worth of Bitcoin, but its sale process will be very strict and will not happen immediately. According to Aidan Larkin of Asset Reality, a U.S. company that helps the government manage seized assets, court approval is just a normal procedure for civil forfeiture and does not mean the U.S. government will sell these Bitcoins immediately. The sale must follow a strict process, including a civil forfeiture application hearing, and after obtaining approval, it can enter the normal marshal procedure and public domain. In addition, the possibility of these Bitcoins being transferred to a potential Bitcoin strategic reserve is also low, so don't get your hopes up too high.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The US government's sale of $6.5 billion in Bitcoin requires a rigorous legal process, including court approval and hearings on civil forfeiture applications.
The sale process will need to follow normal marshal procedures and ultimately enter the public domain.
The US government will not immediately sell these Bitcoins, but will handle them according to normal government procedures.
The likelihood of these Bitcoins being transferred to a potential Bitcoin strategic reserve is low.