#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 sale of these Bitcoins must follow normal government procedures, including a civil forfeiture application hearing. After obtaining approval, they can enter the marshal's process and enter the public domain. This means that the U.S. government will not sell these Bitcoins immediately, and the sale process may take some time. Additionally, the possibility of these Bitcoins being transferred to a potential Bitcoin strategic reserve is also low.
Ace Hot Topic Analysis
Analysis
The U.S. government currently 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. will sell immediately. The sale must follow a strict process, including civil forfeiture application hearings, marshal procedures, etc. In addition, the possibility of these Bitcoins being transferred to a potential Bitcoin strategic reserve is also low. This means that the U.S. government will need to go through a series of cumbersome procedures to sell this batch of Bitcoins, and there will be no large-scale sell-off in the short term. Investors do not need to worry too much.
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 process, including court approval and hearings on civil forfeiture applications.
The sale process must follow normal marshal procedures and public domain procedures.
The US government will not sell the Bitcoin immediately, it will need to go through a series of procedures.
It is unlikely that these Bitcoins will be transferred to a potential Bitcoin strategic reserve.