Is the US government making a 'huge strategic mistake' selling Bitcoin?
Description
Bitcoin had a quiet start to the week after a historic monthly close, but only when it came to price action. Beyond that, plenty is happening. The big talking point of the past 24 hours is the US government moving almost 20,000 BTC to Coinbase Prime and possibly selling a portion of it. This drew criticism and reignited a debate over whether the US should be selling any Bitcoin. Also, while on Bitcoin, Michael Saylor delivered his pitch to the Microsoft board and shared the video and the pitch deck. Finally, the co-creator of Meta's stablecoin project, Diem, opens up about how it didn't just die, it was killed.
Further reading:
- US government selling Bitcoin is a ‘huge strategic mistake,’ say observers
- US gov’t transfers $1.9B BTC seized from Silk Road to Coinbase Prime
- Michael Saylor tells Microsoft it’s value could soar $5T with Bitcoin
- Death of Meta’s stablecoin project was ‘100% a political kill’ — Ex Diem boss
References:
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