US Bitcoin Loss: $17B Dumped—Trump Vows ‘Never Sell’ With BTC at $80K

The US Bitcoin nonaccomplishment has, astatine the clip of writing, shaken the cryptocurrency ecosystem arsenic the White House precocious revealed that erstwhile income person fundamentally outgo American taxpayers a staggering $17 cardinal amid utmost marketplace volatility. With Bitcoin terms hovering astir the $80,000 people close now, the Trump medication has spearheaded a melodramatic argumentation displacement against further divestment contempt ongoing regulatory uncertainty and besides assorted concern scams that proceed to plague the sector.

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Why the White House’s $17B Bitcoin Loss Signals Market Volatility and Regulatory Risks

Source: Watcher Guru

$17 Billion Mistake: The US Bitcoin Loss Breakdown

Source: WhiteHouse.gov

The White House has precocious instituted a broad disclosure revealing that the past US Bitcoin nonaccomplishment amounts to astir $17 cardinal successful missed opportunity. According to a White House information expanse released connected March 6, the national authorities sold, specified arsenic done assorted enforcement actions, astir 195,000 Bitcoin for conscionable $366 cardinal implicit the past decade.

White House AI and Crypto Czar David Sacks stated:

“Over the past decade, the national authorities sold astir 195,000 bitcoin for proceeds of $366 million. If the authorities had held the bitcoin, it would beryllium worthy implicit $17 cardinal today. That’s however overmuch it has outgo American taxpayers not to person a semipermanent strategy.”

This important US Bitcoin nonaccomplishment revelation has catalyzed Trump’s enforcement bid establishing a strategical Bitcoin reserve to forestall akin marketplace volatility-induced losses crossed respective cardinal concern areas going forward.

Trump’s Response to US Bitcoin Loss: The ‘Never Sell’ Policy

At the first-ever White House crypto summit, President Trump has, successful fact, criticized erstwhile Bitcoin income amid ongoing terms fluctuations and besides galore concern scams that proceed to people susceptible investors.

President Donald Trump stated:

“Unfortunately, successful caller years, the U.S. authorities has foolishly sold tens of thousands of bitcoin that were worthy billions and billions of dollars had they not sold them. But they did merchantability them, mostly during the Biden administration—not a bully happening to person done.”

The president past engineered what appears to beryllium a imperishable argumentation transformation:

“From this time on, America volition travel the regularisation that each bitcoiner knows precise well: ne'er merchantability your bitcoin.”

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The Strategic Bitcoin Reserve volition chiefly encompass aggregate indispensable integer assets obtained done plus forfeiture proceedings, helping mitigate the erstwhile US Bitcoin nonaccomplishment portion establishing an innovative attack to integer plus absorption contempt persistent marketplace volatility and specified uncertainty.

Market Response Amid Investment Risks

Despite bold argumentation pronouncements addressing the US Bitcoin loss, Bitcoin’s terms has, arsenic of now, struggled to support momentum owed to regulatory uncertainty. The cryptocurrency has precocious retreated to the $80,000 scope aft concisely surpassing $100,000 earlier.

Source: TradingView

Market expert Justin Low noted:

“The deficiency of polish sent Bitcoin down implicit the play to retest the $80,000 people and that’s wherever we are near to commencement the caller week arsenic well.”

This method development, including breaking beneath the 200-day moving average, has intensified assorted large concerns astir Bitcoin terms stableness and concern scams targeting susceptible marketplace participants crossed respective cardinal trading platforms.

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Future Outlook Following US Bitcoin Loss Revelation

While Trump’s effect to the US Bitcoin nonaccomplishment represents a important argumentation overhaul, regulatory absorption remains, astatine this point, somewhat unclear. The Secretaries of Treasury and Commerce person been authorized to make acquisition strategies amid ongoing marketplace volatility, provided these approaches “impose nary incremental costs connected American taxpayers.”

For now, arsenic Bitcoin prices hover astir $80,000, and besides with specified marketplace conditions being rather unpredictable astatine this time, however the administration’s strategy will, successful fact, leverage authorities finances and the broader integer plus marketplace remains to beryllium seen. The important US Bitcoin nonaccomplishment has certainly, astatine the clip of writing, pioneered a rethinking of national cryptocurrency policy, perchance creating, specified arsenic done assorted regulatory mechanisms, semipermanent implications for some organization and besides retail investors who are presently navigating regulatory uncertainty and besides trying to debar the galore concern scams that have, successful caller months, emerged passim the cryptocurrency space.