US government makes a profit: This is how much cryptocurrency was confiscated!

US government makes a profit: This is how much cryptocurrency was confiscated!

According to a report from www.welt.de, the American government has gained an unexpected treasure through successes against cyber criminals. A large amount of confiscated cryptocurrency has been accumulated and currently one in every hundred Bitcoins in circulation is owned by the US government. This represents both an opportunity and a risk.

The fact that the US government owns a significant share of cryptocurrencies can potentially have a major impact on the market and the financial industry. On the one hand, this could increase investor confidence in Bitcoin as the US government can be seen as a trustworthy steward of the asset. This could lead to increased demand for Bitcoin and potentially an increase in the price of Bitcoin.

On the other hand, there is a risk that the US government will put these Bitcoins on the market and sell them. If a large amount of Bitcoin is thrown into the market, it could cause oversupply and lower the price of Bitcoin. This, in turn, could lead to losses for investors who have already invested in Bitcoin.

It is also important to note that the US government theoretically has the ability to track and monitor Bitcoin transactions since it has access to a large portion of the cryptocurrency. This could lead to increased regulation and surveillance of the cryptocurrency market, which could impact user anonymity and privacy.

All in all, the US government owning a large amount of Bitcoin is a significant event that has the potential to have far-reaching effects on the market and the financial industry. It remains to be seen how the US government will deal with this holding and what measures will be taken to minimize the impact on the Bitcoin market. It is recommended that you follow developments closely and consider the impact on your own investment strategy.

Source: www.welt.de