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US Government Moves Bitcoin Holdings: Peter Schiff's Warning
Peter Schiff said that now that the Biden administration is aware of Donald Trump’s plans to make Bitcoin a strategic reserve, they would take this to their advantage.
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.
US Government Moves Bitcoin Holdings: Peter Schiff's Warning
Peter Schiff said that now that the Biden administration is aware of Donald Trump’s plans to make Bitcoin a strategic reserve, they would take this to their advantage.
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.