Key dealers
- Keeping Bitcoin could have netted the US government $ 17 billion.
- David Sacks advocates for a strategic reserve management method for bitcoin, similar gold, to create long -term value.
The US government’s decision to sell seized Bitcoin in the last decade instead of keeping it has cost taxpayers about $ 17 billion in potential profits, Trump’s AI wrote and Crypto Czar David Sacks at X today.
“Over the past decade, the federal government sold approximately 195,000 bitcoin for revenue of $ 366 million. If the government had had bitcoin, it would be worth over $ 17 billion today. That is how much it has cost US taxpayers not to have a long -term strategy, “bags mentioned.
US authorities actively moved Bitcoin last year, with Latest transfer It occurred on December 2. About $ 1.9 billion in Bitcoin was deposited in Coinbase Prime that day.
The purpose of these transfers, especially if they involve sales, remains unclear. Speculation indicates that they may be part of routine asset management.
US Marshals Service (USMS), which is responsible for managing seized assets, including crypto assets such as Bitcoin, is facing major issues that keep track of their crypto holdings. This is particularly worrying as the government considers the possibility of establishing a national crypto reserve.
The USMS missed its deadline To provide a detailed report on its handling of 69,370 Bitcoin, which was seized from the Silk Road case, worth about $ 7 billion. Senator Lummis had requested openness to these assets, with reference to concerns about potential financial losses and misconduct in previous Bitcoin sales.
Lummis criticized USMS’s history of selling seized Bitcoin at prices well below the current market value, resulting in unrealized losses of over $ 17 billion for taxpayers.
She claimed that the Bitcoin stash represents a strategic opportunity for the United States and demanded that they be transferred to the Treasury as part of a potential national Bitcoin reserve.
According to data traced by Arkham Intelligence, the US government currently has 1919 Bitcoin, valued at $ 17.5 billion at current market prices.
Sacks, together with important government officials and crypto leaders, will gather at the summit in the White House tomorrow. The event is expected to deal with and clarify the plans for a Bitcoin reserve, along with the potential inclusion of other Cryptocurrency assets.
