The fact the US Government are selling their Silkroad BTC Holdings in 4 stages, is enough to tell you their stance on crypto.

So last week it came to light that the US government sold 9,861.17 bitcoin, out of the 50,000 seized from James Zhong, for almost $216 million. They plan to sell the rest in 4 tranches over the remaining year, at current prices that’s a total of ~$1Bn.

If the government really wanted to damage crypto they could’ve really crushed the price of Bitcoin at the time of the FTX collapse and dumped 50k Bitcoin on to the market at once but they didn’t.

Should we treat the governments plan of potentially layering out on the way up a looking glass in to how the rest of this year is going to pan out in terms of price?

The timing and direction all seem a little fishy to me.