Bitcoin Magazine CEO: The US Department of Justice may sell Bitcoin against the President's wishes, causing recent pressure on Bitcoin prices
Bitcoin Magazine CEO David Bailey posted on social media, "If the U.S. Department of Justice has been hastily liquidating the Bitcoin held by the U.S. government within three months after obtaining court approval (against the president's wishes), then this can explain Bitcoin's recent price trend." This implies that government sell-offs may be a significant reason for the recent pressure on Bitcoin prices.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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