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Oh my God, today I saw another mind-boggling news😅 The US Department of Justice actually sold 57.55 Bitcoin that were confiscated, worth $6.36 million! My first reaction as a newbie was—wait, why would the government sell confiscated Bitcoin?
Later I found out that Trump signed an executive order requiring the government to include confiscated Bitcoin into the "National Strategic Bitcoin Reserve," and it shouldn't be sold casually. But the Department of Justice still disposed of this Bitcoin through Coinbase Prime... Isn't that a violation?
This seems quite interesting, indicating that Bitcoin is now treated as a strategic asset at the national level, completely different from ordinary commodities. Does this also indirectly prove the importance of Bitcoin? Or does it suggest that policy enforcement between governments can also be inconsistent?
Can any experienced folks explain why the government places such importance on establishing a Bitcoin reserve? I feel like I still need to learn more about these macro-level things💭