U.S. lost $17n by selling seized Bitcoin too early

The American federal government has sold around 195,000 bitcoin in the last decade, generating around $ 366 million in criminal crises, including those related to Silk Road.

American taxpayers have missed $ 17 billion in Bitcoin (BTC) Profits since 2013 due to an enclosed garden investment strategy adopted by previous administrations, the White House AI and Tsar Crypto David Sacks via X.

Sacks shared an analysis of bitcoin sales of the federal government, generated by Grok supported by Elon Musk, in what seems to be another suspicion of a potential American cryptography reserve under President Donald Trump.

The American government began to seize Bitcoin in 2013, the confiscation of the FBI of 11 BTC marking the first registered example of an American agency taking control of the assets. Public files indicate that Bitcoin has been seized of a bad actor who tries to buy illegal drugs.

Since then, the FBI and other law enforcement organizations have confiscated around 195,000 BTC. Data show that the US government has sold Bitcoin 11 times in the past 12 years, with 173,000 BTC liquidated in November 2015 in four major sales over three years.

This cache alone was worth more than $ 15 billion because the BTC cost $ 89,800 per token on March 6. “If the government had owned Bitcoin, it was worth more than $ 17 billion today,” said Sack, involving the cryptographic wealth of the government. A paper investor is the one that sold an asset earlier and has missed its biggest price.

The authorities have 207,000 BTC in public chests, which could go to a national stock or train the basics of an American cryptography reserve. The executive decree of President Trump of January ordered his crypto office and regulators such as the Securities and Exchange Commission to develop legislation on the BTC reserve, strengthening the hopes of the industry.

Other Trump’s remarks on the BTC mixture with altcoins in a reserve divide a gap between his supporters of the crypto and the technology of Silicon Valley.

Yet Trump announce A BTC reserve strategy at the first summit of white cryptography on March 7. The assets revised price levels of $ 90,000 before the event while market volatility influenced the cash prices.