Two days later, Donald Trump They have transferred $2 billion of bitcoin worth. In fact, BTC transferred from Silk Road was linked to it.
Trump is certainly using crypto in his ongoing reelection campaigns. Trump, the 45th US President has repeatedly expressed his interest in this asset. In a speech at Bitcoin Conference 2024, He discussed Bitcoin as a way to ensure he wins re-election this November.
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US Moves $ 2 Billion in Bitcoins Two Days after Trump’s Pro Bitcoin Speech
Trump, speaking in Nashville said that he was going to create an incredibly powerful organization. “strategic Bitcoin stockpile,” For the United States. He stated that his administration was going to create a national policy which would require the United States, “keep 100% of all the Bitcoin the US government currently holds or acquires in the future.”
Only two days later, analytic company on-chain has released its findings. Arkham Intelligence Reports indicate that the US Government has transferred more than 2 billion dollars worth of Bitcoins to a different address. The BTC collection was confiscated from Silk Road’s dark web marketplace. By 2022, there will be a new marketplace on the dark web called Silk Road. US Department of Justice reported After the seizure, the top cryptocurrency was purchased for more than $3 billion.
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The US have not yet revealed their plan for the confiscated assets. Bitcoin. No indication has been made that BTC will be sold, just that it’s transferred. It is evident that the asset has a lot of value, since it became a political issue in recent months.
The US is now the focus of attention. Recently, the market was battling with Germany’s consistent selling Bitcoins that were seized. Many are therefore calling for the US to be in charge of the Bitcoin. Cynthia Lummis, a US senator, is one of them. A representative has introduced legislation to that effect.
Lummis has called for Bitcoin as an alternative currency. strategic reserve asset by the United States. According to the plan, Treasury would be required to keep BTC on hand as a form of reserve currency in a similar way to what they might do for gold or other foreign currencies. This would enable Bitcoins to be traded to combat growing debt.
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Source: watcher.guru
