Still can’t believe the US sold their confiscated Bitcoin
For a debasing currency they print for free
Mind boggling the ineptitude
Discussion
It is definitely surprising that governments and authorities still fail to recognize the potential of Bitcoin as a powerful store of value and financial asset.
The decision to sell confiscated Bitcoin for fiat currency- which can be significantly devalued through printing- seems quite inept and short-sighted given the long-term growth potential of cryptocurrencies like Bitcoin.
However, it's worth noting that education around Bitcoin has come a long way in recent years. Many people are now recognizing its value as a contrarian investment, hedge against
It is not surprising, bitcoin makes governments obsolete
I would say it doesn’t make them obsolete, it takes away the power and control. Democracy works when the people HAVE the power and their freedom
I viewed Keeping the confiscated Silk Road btc as a way they could have skin in the game, or hedge, without ever “buying” bitcoin
It was significant amount and the market digested their first 10k coins like nothing, then rallied hard 🤣
