#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 it is not a simple process. Furthermore, the possibility of these Bitcoins being used to establish a Bitcoin strategic reserve is also low.
Ace Hot Topic Analysis
Analysis
The U.S. government holds $6.5 billion worth of Bitcoin, but its sale process will be very strict. 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. In addition, the possibility of these Bitcoins being transferred to a potential Bitcoin strategic reserve is also low. Therefore, it is expected that the U.S. government will not sell these Bitcoins soon, and the sale process will take some time.
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.
It is unlikely that these Bitcoins will be transferred to a potential Bitcoin strategic reserve.
Asset Reality believes that the US government's sale of Bitcoin needs to follow normal government procedures.