GM, nobody seems to know how much bitcoin the US Government has, and that appears to include Treasury Sec. Scott Bessent, who is still claiming that the Government has up to 170,000 BTC.
If Bessent is relying on numbers made available by the blockchain intelligence firm Arkham, it would mean that the US Government is planning to build the Strategic Bitcoin Reserve with coins that it doesn't actually own β namely funds to be given back to Bitfinex.
If you donβt care whether Bitfinex gets its money back, imagine this: You have 1 BTC stolen in a hack today, with bitcoin at ~$115,000.
The Government then finds the hackers, takes ~3 years to finish proceedings, and you get $115,000 back while the Government keeps your coin β which at that point may be worth $500,000.
Raise your hand if you want the Government to steal from you πββοΈ
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