Governments might be the worst Bitcoin traders in history
In 2014, the FBI seized 144,000 BTC from the Silk Road and auctioned it off They sold 30,000 BTC to Tim Draper for $19 million That's $632 per Bitcoin Draper didn't sell once Not in 2017 Not in 2018 Not in 2022 Those same coins are now worth over $3 billion The US government sold most of its seized Bitcoin almost always at the bottom Then in 2024, Germany did the same thing They had 50,000 BTC seized from a piracy bust and panic sold all of it in 23 days for an average price of $57,900 Those coins would be worth over $6 billion today and they missed $3 billion in profit Their wallet now holds 0.0069 BTC which is about $700 One guy with conviction and patience turned $19 million into $3 billion Two of the most powerful governments in the world couldn't even hold
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Governments might be the worst Bitcoin traders in history
In 2014, the FBI seized 144,000 BTC from the Silk Road and auctioned it off
They sold 30,000 BTC to Tim Draper for $19 million
That's $632 per Bitcoin
Draper didn't sell once
Not in 2017
Not in 2018
Not in 2022
Those same coins are now worth over $3 billion
The US government sold most of its seized Bitcoin almost always at the bottom
Then in 2024, Germany did the same thing
They had 50,000 BTC seized from a piracy bust and panic sold all of it in 23 days for an average price of $57,900
Those coins would be worth over $6 billion today and they missed $3 billion in profit
Their wallet now holds 0.0069 BTC which is about $700
One guy with conviction and patience turned $19 million into $3 billion
Two of the most powerful governments in the world couldn't even hold