I just read something wild—apparently, the US government is rushing to sell $6.5 billion worth of Bitcoin seized from the Silk Road, just days before Trump takes office. Here’s the kicker: Trump campaigned on keeping all confiscated Bitcoin to create a “strategic reserve.”
So… what gives? On one hand, the DOJ says it needs to sell now because of Bitcoin’s crazy price swings (it’s hovering around $100K, after all). But on the other hand, dumping 69,000 BTC into the market could totally mess with liquidity. And the timing? It feels like a deliberate move to sidestep Trump’s promise to not sell.
Whatever happens, news like this always creates FUD (fear, uncertainty, and doubt). While Bitcoin’s liquidity might absorb this, altcoins are much more vulnerable to dumps. To hedge myself, I’m shorting some altcoins—you can do that too on a decentralized perps exchange like Vertex: click on this referral link to trade on this app and get some rewards: https://app.vertexprotocol.com?referral=ddVPpwS9e8
Note: Invest only what you can afford to lose.
What do you think—bad timing, or something more deliberate?