#The US government's 6.5 billion Bitcoin sale process is strict.#
Hot Topic Overview
Overview
The U.S. government currently holds $6.5 billion worth of Bitcoin, but the process of selling it will be very strict, requiring multiple steps such as court approval, civil forfeiture application hearings, and ultimately entering the marshal's process and public domain. Aidan Larkin of Asset Reality said this doesn't mean the U.S. will immediately sell these Bitcoins, but rather that it needs to follow normal government procedures, and it's also unlikely that these Bitcoins will be channeled into a potential Bitcoin strategic reserve.
Ace Hot Topic Analysis
Analysis
The U.S. government currently holds $6.5 billion worth of Bitcoin, but its sale process will be very strict and will not happen immediately. According to Aidan Larkin of Asset Reality, a U.S. company that helps the government manage seized assets, court approval is just a normal procedure for civil forfeiture and does not mean the U.S. government will sell these Bitcoins immediately. The sale requires a strict process, including a civil forfeiture application hearing. After obtaining approval, it will also enter the marshal's procedure and the public domain. In addition, it is unlikely that these Bitcoins will be transferred to a potential Bitcoin strategic reserve.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The US government's sale of $6.5 billion in Bitcoin requires a rigorous process, including court approval, hearings on civil forfeiture applications, etc.
The sale process needs to follow normal government procedures and go through the marshal's process and the public domain.
The US government will not sell the Bitcoin immediately, and the sale time needs to wait for normal government procedures.
It is unlikely that these Bitcoins will be transferred to a potential Bitcoin strategic reserve.