I think the US Government owns more Bitcoin than most already from their seizures of illegal activity. The US Government said they seized
BTC70,000 from the Silk Road operation alone. That equals over $1.26b...yes, BILLION...in USD equivalent by today's price.
US Government and Bitcoin.
They've been doing quite well these last few months...i wonder if the appreciation on their bitcoin holdings will be used to fund much needed social projects within the States, such as fixing;
- Providing business and personal support as we continue to fight through this pandemic
- Paying down National debt
- Funding programs to reduce instances of homelessness and hunger
OR will it be used to fund black ops initiatives where spending decisions are classified and accountability is guaranteed with political payoffs and careers of secrecy?
I'm sure they'll do the right thing.
and in any event, they'd be sellers in the market...not buyers.