Former U.S. President Donald Trump has issued a warning to the current administration, urging them not to sell Bitcoin or other cryptocurrencies held by the government.
In a recent interview, Trump expressed his concerns about the potential sale of Bitcoin by the Biden administration. He stated, "I hope they don't sell it, because, you know, it's going to go up. I hope they don't sell it."
Trump's remarks come at a time when the U.S. government has seized and auctioned off significant amounts of Bitcoin and other cryptocurrencies seized from criminal activities and scams. The most recent auction took place in January 2023, where the U.S. Marshals Service sold approximately $40 million worth of Bitcoin.
However, Trump believes that the government should hold onto these assets, as he expects the value of Bitcoin to rise in the future. He said, "I hope they don't sell it, because, you know, it's going to go up. I hope they don't sell it."
The former president's comments highlight his stance on cryptocurrencies, which has evolved over time. In the past, Trump has been critical of Bitcoin, calling it a "scam" and expressing concerns about its potential use in illegal activities.
Despite his previous reservations, Trump's latest statement suggests that he sees value in the government holding onto Bitcoin, potentially as a long-term investment strategy. His advice to the current administration reflects his belief in the future growth of the cryptocurrency market.
As the U.S. government continues to grapple with the regulation and management of seized cryptocurrencies, Trump's warning adds a new perspective to the ongoing debate. It remains to be seen whether the Biden administration will heed his advice and hold onto the Bitcoin in their possession or opt to sell it off for other purposes.
