US Government Misses $17 Billion by Selling Bitcoin Prematurely
- The U.S. government lost over $17 billion due to early bitcoin sales.
- A chatbot named Grok calculated the missed profits from these sales.
- Approximately 195,000 bitcoins were sold for $366 million.
- Current bitcoin trading price is around $90,700 per bitcoin.
- Sales were conducted mainly through U.S. Marshals Service auctions.
The U.S. government sold about 195,000 bitcoins for $366 million, which would now be worth over $17 billion, highlighting significant financial losses from premature sales.
Source (2.6)https://hodl.press/crypto-tsar-us-loses-17b-in-hasty-bitcoin-sale/?rand=24434
