Are you worried about the US Government moving BTC?

[Kemarit]

If the US government decides to sell these assets, it means they are licking their lips by confirming that the money will be a legitimate profit for them. Confiscated money should be something that settles in the burn, not to be used unilaterally like that. Even though the regulations do not take sides in the middle, I think they must still respect the existence of many eyes monitoring every case they handle.

The US government should not be able to exchange or move these assets anywhere, except to burning wallets. Panic that occurs due to BTC transactions from large wallets often occurs, and I think the dump that occurs will not last long, it will make BTC recover again after the dump due to large-scale selling.

The fact that the US government also sells this illicit BTC and adds it to the national budget. BTC is also considered a type of seized asset and there is no regulation requiring that it be burned or frozen permanently. I myself would like the US government to hold this BTC as a form of national reserve, as Gold, rather than selling it off to use the way they are wasting taxpayer money.

I'm not sure if there is any correlation between the drop in BTC price and the movements of BTC from the US government, but such events have an impact on the media and the psychology of crypto investors.

I can't remember, but I think the US government used to auctions this seized Bitcoin right? And that's where this early bagholders was able to buy it cheap because before US is selling it at a lower price, below the market. But perhaps they realized that they have been doing it wrong and now themselves are moving it in any exchanges and sell it.

Nonetheless, the effect on the market is not that significant, sure it goes down a bit. Investors though as intelligent enough to take advantage of that situation and buy it. So even if some of us see the US government moving it and selling regardless of the price, it is not enough to put a dent on the market.

[vegasus]

The US government recently made headlines in the crypto world by transferring 15085 BTC ~ 922M USD. This move coincided with the time BTC reached 60K USD, raising speculation about the US government's profit-taking strategy^[2].

Every time there is a Bitcoin movement related to the US, even though it feels like it's normal, it definitely gives the effect of being nervous and over-thinking what will happen afterwards. However, for now, the influence is not on excessive panic and fear, but rather on how to respond if something happens. For, the influence of the US news still really gives big influence to crypto, especially Bitcoin.

Nonetheless, the effect on the market is not that significant, sure it goes down a bit. Investors though as intelligent enough to take advantage of that situation and buy it. So even if some of us see the US government moving it and selling regardless of the price, it is not enough to put a dent on the market.

It cannot be denied that there is still an influence on the market. Yes, at least, market conditions have recently experienced a slight decline, whether because of the news that continues with the sale of confiscated Bitcoins, or because of the effects of other conditions. Or a combination of several conditions. But what is certain is that the market response is not that panic, and this is very good. because perhaps most investors already understand this cycle and the possibility of manipulation to make the market down before the halving. So, the market won't drop too far because there are still many investors who strictly store their BTC without panic.

[Kemarit]

Nonetheless, the effect on the market is not that significant, sure it goes down a bit. Investors though as intelligent enough to take advantage of that situation and buy it. So even if some of us see the US government moving it and selling regardless of the price, it is not enough to put a dent on the market.

It cannot be denied that there is still an influence on the market. Yes, at least, market conditions have recently experienced a slight decline, whether because of the news that continues with the sale of confiscated Bitcoins, or because of the effects of other conditions. Or a combination of several conditions. But what is certain is that the market response is not that panic, and this is very good. because perhaps most investors already understand this cycle and the possibility of manipulation to make the market down before the halving. So, the market won't drop too far because there are still many investors who strictly store their BTC without panic.

There will be always news that will really impact the market, but what I'm saying is that when we are in a bullrun, this kinds of news might have negligible effect as compare to let's say when we are in bearish market as it could have a big impact.

Manipulation is overrated though, not sure if there are whales that can really manipulate the price. Only way that I can see them influence is that when they put large sell orders in an exchange that everyone will see and maybe others will panic specially newbies. But at the end of the day, still up to us on how to used this kind of news to our advantage.

[KryptoBull]

Data shows that the U.S. government often sells at localized lows in the market. Notably, in March 2023, about 10,000 BTC were sold while BTC was trading at about $21,500. This sale almost coincided with the lowest price in the local market, which fell to around 20,000$ during the SVB crash. Another significant sale of approximately 8,200 BTC occurred on July 12, 2023, with bitcoins trading at around 30,000$ USD.

Interesting, I hope they will learn something from the wrong decisions during the market recovery phase and will hold BTC and sell BTC in the distribution zone in 2025.

In addition, I also think that the BTC from the US government has helped the whales buy enough BTC they need to easily pump and push the BTC price to a new high. Thus, it can be said that the US government has created local bottoms on the BTC chart @@

[philipma1957]

BTC is no longer just a new asset in the financial market, BTC has been widely accepted and entered national reserves. Currently, the US holds 207,189 BTC^[1] seized from criminals. At the present time, this amount of BTC is worth about 14B USD, a huge amount of money, making the US government the independent entity holding the most BTC, surpassing MicroStrategy with 193K BTC. And we can consider the US government as a big whale in the market, as each of its actions can create waves for the crypto market.

The US government recently made headlines in the crypto world by transferring 15085 BTC ~ 922M USD. This move coincided with the time BTC reached 60K USD, raising speculation about the US government's profit-taking strategy^[2].

The last time, in July 2023, the US government transferred 9800 BTC ~ 300M USD and then we saw an 18% decline in BTC price from 30K USD to 25K USD^[3]. This time, the community is also worried even though the BTC price has reached 68.5K BTC and is approaching ATH 2021.

Personally, I believe that the US government has a reason to take profits because they do not need to prove diamond hands. Their purpose is just to effectively handle the assets confiscated from criminals. The current price of BTC is attractive enough for them to sell and add to the national budget.

At the same time, I also believe that with the positivity in price fluctuations and the optimism of investor sentiment, this liquidation worth 1B USD from the US government will not cause any negative impact on the increasing momentum of BTC price as well as the crypto market. FTX sold 1B USD worth of GBTC in January^[4] and Genesis is selling 1.3B USD worth of GBTC ^[5] also with no significant impact on BTC price. Therefore, I believe that in the context of the market being extremely excited and the daily BTC trading volume reaching up to 70B USD, the selling force of 1B USD from the US government, if any, is not worth our concern.

I would like to know your views on the possibility of selling 1B USD worth of BTC from the US government:

• Do you think the US government is about to sell 15,085 BTC?
• Will this event have a negative impact on BTC and the entire crypto market?
• Are you worried and changed your investment strategy because of this event?

References:
[1] Countries & Governments that Own Bitcoin
[2] US gov’t moved $922 million of seized Bitcoin after BTC price broke $60,000
[3] US Government Transfers $300 Million Worth of Seized Silk Road Bitcoins
[4] FTX Sold About $1B of Grayscale's Bitcoin ETF, Explaining Much of Outflow: Sources
[5] Genesis Cleared to Sell GBTC Shares Worth $1.3 Billion
Note:

• My opinion was posted first in that topic, on Bitcointalk
• I leave the source link to avoid plagiarism accusation.
• I excluded/ included minor things from an original thread ^{if necessary}.

Update 2024.04.03:
In a major cryptocurrency move, the U.S. government transferred 30,175 bitcoins (valued at around $2 billion) to a wallet associated with Coinbase.

• U.S. Government Moves $2 Billion in Bitcoin to Coinbase, Impacting Market
  

So we are over 70k and the US government has most of the 200000 it had a month ago they will not hurt the price by sell some off.

[examplens]

So we are over 70k and the US government has most of the 200000 it had a month ago they will not hurt the price by sell some off.

There are still those who want to buy, I think that they can make a significant price change only if they sell everything in a short period. But they know that much for sure, so they will not reduce the amount for themselves.

Certainly, all governments should sell their Bitcoins, because most often they have manipulative intentions. In the end, everyone is fighting so much against Bitcoin and everything it represents, it is completely immoral to calculate the potential profit from here after all.
But those are just politicians, what else can be expected from them?

[LUCKMCFLY]

There is something I can say about the Americans, even more so about the government, is that they are not stupid, where there is money they have to be very Stupid to Sell and anyone knows that , now , if the government wants to be an enemy of Bitcoin, then they will simply sell to $20k, even $10k, but the investors who take those Bitcoins will buy Cheaper bitcoins, and that can then give a much more inflated price than is thought possible , so they are the ones who throw away or kill the goose that lays the golden eggs. , and if so, I think it is even better because a Government no longer has so many bitcoins in the world, and they have that money only Because it has been confiscated , not because it has been bought. I greatly respect Bukele's Management because he did buy didn't grab it, then it is likely that people like Bukele will buy those Bitcoins , or the largest Institutions will do so Without thinking About it, it would be a Strong market overturn, and it would cause a lot of Panic, but you have to be Prepared for all of these scenarios.

[Captain Corporate]

This shouldn't be something that you need to worry about all that much. I mean we are talking about a situation where either they sell, and that means while it could drop the price (maybe it won't) but at least the ydo not have it anymore, or they just won't sell and it will stay. I can't really keep on caring about it all the time, can't keep on considering what to do and how to do it etc etc. So I just let it be and that's why I do not care about it much. In either case, if they keep on holding or if they end up selling, both doesn't change too much for me and that is why I believe its much better to ignore it.

[Fivestar4everMVP]

In response to the op, first, the US government moved over 15k bitcoin worth about a billion dollars, where did they move it to?, to coinbase, what is coinbase? An exchange, infact, the biggest crypto currency exchange in the US at the moment.

With the above information, we should already be certain or sure that they moved those bitcoin there to sell it, and should we be worried about this?, to me, I would say "absolutely not", because whether now or later, they are probably still going to sell the bitcoin, so, the sooner they sell it off, the better, at least, we know one whale have left the market.

But I think it's wrong to refer to the US government selling the bitcoin they seized as them taking profit, how does one take profit on something they did not buy or invest their hard earned money in? They simply are selling, I do not consider t this as taking profit because they did not buy those coins.

[Crypto Library]

I would like to know your views on the possibility of selling 1B USD worth of BTC from the US government:

• Do you think the US government is about to sell 15,085 BTC?
• Will this event have a negative impact on BTC and the entire crypto market?
• Are you worried and changed your investment strategy because of this event?

Actually why should we need to be worried where Bitcoin can't control by any person or any government. There was 21 million supply and if US government hold large amount of Bitcoin even then it will not be so much regarding of the supply of Bitcoin. And Bitcoin goes its own way so I don't think I have to be worried about US government. Even if they sold and buy big amount of Bitcoin then it may make little impact on market for a certain time. But it will be back in its own way so in long run no one can control with coins so I don't have to be worried for that and it will make not single changes on my investment is strategy DCA will be go on.

[Baofeng]

There is something I can say about the Americans, even more so about the government, is that they are not stupid, where there is money they have to be very Stupid to Sell and anyone knows that , now , if the government wants to be an enemy of Bitcoin, then they will simply sell to $20k, even $10k, but the investors who take those Bitcoins will buy Cheaper bitcoins, and that can then give a much more inflated price than is thought possible , so they are the ones who throw away or kill the goose that lays the golden eggs. , and if so, I think it is even better because a Government no longer has so many bitcoins in the world, and they have that money only Because it has been confiscated , not because it has been bought. I greatly respect Bukele's Management because he did buy didn't grab it, then it is likely that people like Bukele will buy those Bitcoins , or the largest Institutions will do so Without thinking About it, it would be a Strong market overturn, and it would cause a lot of Panic, but you have to be Prepared for all of these scenarios.

I think the US government is not after the profits on their Bitcoin, what they wanted is to just sell them off, easy as that. They want to dispose it as early as they can and clean up their hands, regardless of what the price they will sell it, doesn't matter to them.

And we can't compare them to Bukele, his government is after Bitcoin as a reserved and that's why they are making tons of profit now that the price has hit new all time high. But the best thing is yet to come as it might come to fruition that it will go at least at a conservative 6 digits.

So for the US government and it's impact on this news? slight as the market has bounce back again to $70k.

[LUCKMCFLY]

There is something I can say about the Americans, even more so about the government, is that they are not stupid, where there is money they have to be very Stupid to Sell and anyone knows that , now , if the government wants to be an enemy of Bitcoin, then they will simply sell to $20k, even $10k, but the investors who take those Bitcoins will buy Cheaper bitcoins, and that can then give a much more inflated price than is thought possible , so they are the ones who throw away or kill the goose that lays the golden eggs. , and if so, I think it is even better because a Government no longer has so many bitcoins in the world, and they have that money only Because it has been confiscated , not because it has been bought. I greatly respect Bukele's Management because he did buy didn't grab it, then it is likely that people like Bukele will buy those Bitcoins , or the largest Institutions will do so Without thinking About it, it would be a Strong market overturn, and it would cause a lot of Panic, but you have to be Prepared for all of these scenarios.

I think the US government is not after the profits on their Bitcoin, what they wanted is to just sell them off, easy as that. They want to dispose it as early as they can and clean up their hands, regardless of what the price they will sell it, doesn't matter to them.

And we can't compare them to Bukele, his government is after Bitcoin as a reserved and that's why they are making tons of profit now that the price has hit new all time high. But the best thing is yet to come as it might come to fruition that it will go at least at a conservative 6 digits.

So for the US government and it's impact on this news? slight as the market has bounce back again to $70k.

Well yes, you are right, what happens is that one says, in the USA it is a fully developed country, what would they use that money that is not just any money? What purposes would they have, well the truth is I am a person who has never trusted in governing us, no matter how nice they may seem, which is very different from the government of Switzerland and some Nordic countries where I see that the vision of money and The life they lead is different, but it is only there, in the USA, what I see that they seek a lot of money, power, and the truth is with money there is power, that is why one dares to think those things, and well It is not that I compare it directly with the Bukele government, but that the policies of both countries are different, Bukele has bitcoin as if they were reserves similar to gold, which is not bad at all, each country has its own way of being very different.

[KryptoBull]

In response to the op, first, the US government moved over 15k bitcoin worth about a billion dollars, where did they move it to?, to coinbase, what is coinbase? An exchange, infact, the biggest crypto currency exchange in the US at the moment.

With the above information, we should already be certain or sure that they moved those bitcoin there to sell it, and should we be worried about this?, to me, I would say "absolutely not", because whether now or later, they are probably still going to sell the bitcoin, so, the sooner they sell it off, the better, at least, we know one whale have left the market.

But I think it's wrong to refer to the US government selling the bitcoin they seized as them taking profit, how does one take profit on something they did not buy or invest their hard earned money in? They simply are selling, I do not consider t this as taking profit because they did not buy those coins.

I just want to say that the US government wants to take the opportunity to sell at the peak to get the most money for the federal budget, OK not profits as in your opinion. Billions of USD of selling pressure can have a negative impact on the market. I don't believe that the actual liquidity of the market is more than 30B USD per day, and a large part of the trading may come from trading bots. The user's demand for accumulating BTC is not billions of USD per day. This means that selling 1-2B USD worth of BTC can easily cause the price of BTC to drop by 5-10% each way, which can then trigger investor fear, burn long orders, and cause the market to fall further. This is what I'm worried about!

I understand that the US government will continue to sell BTC, I just hope that they will sell wisely to maximize the proceeds, while not causing the crypto market to panic. After selling BTC, the US government will have less BTC, and after they sell all of their BTC, we will no longer have to worry about this issue.

[bitterguy28]

actually , who do really care about this government selling? its their bitcoin so they can do anything towards their holdings, as if you will be caring if whales sells their bitcoin, and also how much do  US government has than those whales that we should be worry if happens.

I think many people will be interested when the news of the US government's BTC movement is widely spread on crypto news sites. Currently, the US government has just moved about 2 billion USD worth of BTC and the US government's action is said to be the reason why the BTC price has been stagnant below 70K USD in the past few weeks.

Market liquidity is around 33 billion USD per day, but most of it can be created by arbitrage trading bots. A few billion USD worth of BTC sell-offs can affect the price and trigger panic and sell-offs by holders. That's what we're worried about.

• U.S. Government Moves $2 Billion in Bitcoin to Coinbase, Impacting Market
  

but What I do believe is that those who rpetend to be affected are those who wanted to shaken the market favoring them tore invest once the market dumped as how they planned this to happen.
but of course we have our own belief in this coin and this market.

[KryptoBull]

but What I do believe is that those who rpetend to be affected are those who wanted to shaken the market favoring them tore invest once the market dumped as how they planned this to happen.
but of course we have our own belief in this coin and this market.

Indeed, the US government's move to transfer BTC will not only have an impact on the trading market but also on investor sentiment. This is what I am truly concerned about. If investors panic, we will see a sell-off and the selling pressure will not be just a few billion USD from the US government, but tens of billions of USD from companies or individual retail investors. Of course, this could be part of a market manipulation plan by the whales, who will wait for the price to drop lower to accumulate for the uptrend. The most steadfast holders who do not sell their BTC to the whales will deserve to reap big profits when the market grows.