Biden's $6.5B Bitcoin Selloff Sparks Uproar: Trump Allies Slam 'Strategic Asset' Liquidation as Power Play
Nathan Rivero, 1/10/2025OUTRAGEOUS: Biden's DOJ launches desperate attack on Trump's crypto vision! Deep state bureaucrats rushing to dump $6.5B in seized Bitcoin before Trump takes office. This blatant attempt to undermine our incoming President's pro-crypto stance won't stand! Patriots, hold strong - MAGA's financial revolution can't be stopped! 🇺🇸
In a shocking move that reeks of political maneuvering, the Biden administration has received the green light to liquidate a massive cache of Bitcoin seized from the infamous Silk Road darknet marketplace — a decision that flies directly in the face of President-elect Trump's pro-cryptocurrency stance.
The Department of Justice's plan to offload 69,370 Bitcoin, worth approximately $6.5 billion, represents nothing less than a direct assault on the future of American financial sovereignty. This development — which has already sent ripples through the crypto markets — appears to be a calculated move to undermine the incoming Trump administration's crypto-friendly policies.
Renowned Bitcoin critic Peter Schiff hit the nail on the head when he suggested this was a preemptive strike by the Biden team. The timing couldn't be more suspicious, coming just as President-elect Trump has been vocal about maintaining government Bitcoin holdings as a strategic asset.
The market's immediate reaction saw Bitcoin's value dip to $92,500 — a 3.5% decline that speaks volumes about the uncertainty this decision has created. However, cryptocurrency analyst Kun offers a more nuanced perspective that patriots should consider carefully.
"This type of news tends to cause mass liquidations in the derivatives markets due to increased volatility," Kun stated on X, suggesting that the real victims here might be short-term traders rather than long-term holders who believe in America's crypto future.
Let's be crystal clear — the government currently holds 198,109 BTC, valued at a staggering $18.6 billion. This fire sale of nearly a third of these holdings isn't just about market dynamics; it's about power and control. The Biden administration's desperate attempt to diminish our nation's crypto arsenal before President-elect Trump takes office is transparent and deeply concerning.
The market's reaction — while notable — doesn't tell the whole story. As Kun astutely points out, these large-scale sales are typically absorbed by the market over time, especially when fundamental factors driving Bitcoin demand remain strong. And with Trump's upcoming presidency promising a more crypto-friendly environment, those fundamentals couldn't be more robust.
Most telling is how this decision specifically impacts different types of investors. While over-leveraged traders might face immediate pressure, true patriots holding actual Bitcoin — not just derivative contracts — stand to weather this storm. This distinction perfectly illustrates the difference between speculation and genuine investment in America's digital future.
The writing is on the wall — this is nothing more than a last-ditch effort by the current administration to hamstring President-elect Trump's vision for a stronger, more financially sovereign America. But just as we've seen time and time again, the MAGA movement's resilience will prevail, and this too shall pass.
