#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 selling these Bitcoins requires a rigorous process. According to professionals, the selling process includes court approval, civil forfeiture application hearings, and marshal procedures, and will not be immediate. Additionally, the possibility of these Bitcoins being included in strategic reserves is also unlikely.
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. will immediately sell these Bitcoins. The sale must follow a strict process, including a civil forfeiture application hearing, and only after approval can it enter the normal marshal process and public domain. Additionally, the possibility of these Bitcoins being transferred to a potential Bitcoin strategic reserve is also low. This means that the U.S. government will need to go through a series of complex procedures to sell this batch of Bitcoins, which will take time and process and will not be easily done.
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 and is not an immediate sale.
The sale process includes court approval, civil forfeiture application hearings, and marshal procedures.
These Bitcoins are unlikely to be transferred to a potential Bitcoin strategic reserve.
Asset Reality believes that the sale process must follow normal government procedures and must undergo rigorous review and approval.