Replying to Avatar Patrick Schnitter

One last post about the US govt selling #bitcoin

Let’s say they have ~30K more #btc  to sell. That’s 900M.

This is not reason to panic.

A sovereign wealth fund can come in any day and buy 10B worth of btc in an instant.

Long #bitcoin  💪🏼
Avatar
Drew F 2y ago

I think everyone would be happy if the US Gov’t sold it off.

-Cheap sats potentially

-less power to the govt

Reply to this note

Please Login to reply.

Discussion

Avatar
Patrick Schnitter 2y ago

Yes - Agreed. Just speaking to some of the short term price action worry.