So Much For A Strategic Reserve

One of the big things Trump ran on was to setup a strategic reserve of bitcoin. However what many failed to understand about it is that the government wasn't going to buy bitcoin instead it was just going to hold on to what it currently had and any new it acquired. That was a big silver lining many missed.

Well trump isn't yet in office he still has another 9 days until that happens which means Biden and his team is still in power. You know that group of people that have been very anti crypto and pretty much crushed many of your rights over the last 4 years. Well they just gave the ok to sell off another$6.5 billion dollars worth of bitcoin they hold. That's roughly 65,000 BTC to be sold off by the USA government you can bet ya that that's going to have a negative price on bitcoin for the next few days.

But what's even worse is that the USA government actully holds a rather large sum of 18.5 billion bitcoin in total which it could sell off before trump even gets into office.