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US Government Holds Just 28,988 BTC

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by Giorgi Kostiuk

8 hours ago


The latest figures from the US Marshals Service have indicated that the government currently holds only 28,988 Bitcoin, raising questions about the fate of previously estimated assets.

Discrepancy in Estimates

For years, it was assumed that the US government held up to 200,000 BTC accumulated through law enforcement seizures from high-profile cases like Silk Road. However, current data shows a much smaller amount of held assets.

Market and Public Reactions

The disclosure has sparked debates across social media and among crypto investors. Many users express skepticism regarding the whereabouts of the missing Bitcoin. Others view this as a bullish signal, believing that most of the supply is now back in the hands of the market rather than being held by a governmental entity.

NEW: US Marshalls reveal the government now only holds 28,988 Bitcoin worth $3.4 billion, instead of the estimated ~200,000 BTC.CITE_NA

Conclusion

The new information from the US Marshals highlights the importance of transparency and timely updates in the crypto ecosystem, which may influence public perception and the market as a whole.

New data on Bitcoin held by the government may reshape perceptions and expectations among investors in the crypto industry.

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