How The US Government Handles Its Massive Stash Of Bitcoins

The tussle between the federal government and bitcoin has generated numerous headlines over the years. That fight is surprising, especially when you consider the U.S. government is one of the largest holders of bitcoins.

The bitcoins are typically sold off in public auctions conducted by the U.S. Marshals Service, which is a law enforcement agency within the Department of Justice. At least $1 billion worth of digital coins and possibly much more has spent time in the custody of U.S. law enforcement. As a result, the U.S. Marshal Service, which is responsible for sales of the confiscated bitcoin, has become a major player in cryptocurrencies.

Whenever you hear Bitcoin is a bubble just remember that the government is buying bitcoin in millions along with other elite but mostly they buy other currencies that are digital which never go down. There are other crypto currencies other than bitcoin.