Coinspeaker
Peter Schiff Warns US Government Would Sell Entire Bitcoin Stack before Elections
On Monday, July 29, the US government transferred a total of 29,000 BTC worth $2 billion confiscated from the Silk Road marketplace. The US government moving its Bitcoins has sent tremors across the broader crypto market with BTC price falling by 4% in the last 24 hours. Bitcoin critic Peter Schiff has warned that the US government could sell all of its holdings before the upcoming Presidential Elections.
As per data from Arkham Intelligence, the US government holds a total of 203,239 BTC valued at under $14 billion. Besides, the recent sell-off comes just two days after former President Donald Trump said that would consider holding Bitcoin reserves as a US strategic reserve and won’t be selling the current holdings.
But the Biden administration seems to acting the exact opposite while putting out their anti-crypto stand in the open. Speaking on the development, Bitcoin critic P
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