Donald Trump Reveals Plans For US Government’s 213,239 Bitcoin If Elected

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Donald Trump Reveals Plans For US Government’s 213,239 Bitcoin If Elected - NewsBTC

Quick Summary:

Trump made several promises to the crypto voters in attendance, including what he would do to the US government’s Bitcoin holdings if elected. What Donald Trump Plans To With The US Bitcoin Holdings During the Bitcoin conference, Trump stated that if elected, his administration would implement a policy mandating the US government to keep "100%” of the Bitcoin it currently holds or acquires.

This is because the Silk Road founder forfeited claims to these funds in 2022 to offset the unpaid balance of his money judgment. How Trump’s Candidacy Continues To Provide A Bullish Outlook For Crypto Before the conference, Trump had already affirmed his support for Bitcoin and other cryptocurrencies.

Therefore, such a move could remove a significant amount of Bitcoin from circulation for a considerable period. It is worth noting that most of the US government’s Bitcoin holdings came about through the seizures made from the dark web marketplace Silk Road, which Ross Ulbricht created.