The US government is one of the largest bitcoin whales. What does that mean for the crypto market?

Quick Take

  • The U.S. government holds billions of dollars of bitcoin seized during criminal investigations.
  • One trader explains why it is too soon to say whether that fact makes the U.S. government a bitcoin market threat.

These days, the ranks of so-called bitcoin whales — major holders like Michael Saylor's MicroStrategy and Binance boss Changpeng Zhao — include the U.S. g