Promise

Bitcoin

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   <h4 class="relative p-1 rounded-sm flex items-center justify-center bg-token-main-surface-primary text-token-text-primary h-8 w-8"><strong>The timing of the transfer, coupled with Trump’s recent Bitcoin promise, has raised eyebrows.</strong></h4>
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    Some observers have labeled the government’s action as “tone-deaf”. Let’s explore more about this news for Bitcoin.
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       <h5><strong>Government Transfer Sparks Controversy After Trump’s Promise</strong></h5>
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<p>The <a href="https://platform.arkhamintelligence.com/explorer/tx/2e0b8f39af7d57989a9f911f211d88541473536b42ee4ebd4503cff525155bb0" target="_blank" rel="noopener noreferrer nofollow">Bitcoin transfer</a>, which took place on July 29, involved the transfer of 29,800 Bitcoin from a government wallet. This wallet was previously known for holding Bitcoin <a href="https://www.justice.gov/usao-sdny/pr/us-attorney-announces-historic-336-billion-cryptocurrency-seizure-and-conviction" target="_blank" rel="noopener noreferrer nofollow">seized</a> from the Silk Road. The transaction has generated a flurry of speculation and concern regarding the US government’s intentions.</p>
<p><img fetchpriority="high" decoding="async" class="wp-image-146937 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/cvxvbcnvbnbvbn-300x279.jpg" alt="" width="505" height="470" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/cvxvbcnvbnbvbn-300x279.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/cvxvbcnvbnbvbn.jpg 395w" sizes="(max-width: 505px) 100vw, 505px"></p>
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/ArkhamIntel/status/1817962145985724629" target="_blank" rel="noopener noreferrer nofollow">X</a></strong></h6>
<p>Former President Trump’s speech at the Bitcoin 2024 conference was characterized by a strong pro-BTC stance. Trump declared that the US would retain its BTC reserves and would not engage in selling them.</p>
<h5><strong>More About Trump &amp; Bitcoin</strong></h5>
<p>His remarks were seen as a commitment to support the <a href="https://www.altcoinbuzz.io/?s=crypto+market" target="_blank" rel="noopener noreferrer nofollow">crypto market</a> and reassure investors. However, the subsequent transfer of such a substantial amount of BTC has contradicted this promise. Also, it raised questions about the government’s strategy and transparency regarding its digital assets.</p>
<p><img decoding="async" class="wp-image-146938 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/dvdsvsdv-300x243.jpg" alt="" width="468" height="379" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/dvdsvsdv-300x243.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/dvdsvsdv.jpg 393w" sizes="(max-width: 468px) 100vw, 468px"></p>
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/Geiger_Capital/status/1817295756958523400" target="_blank" rel="noopener noreferrer nofollow">X</a></strong></h6>
<p>The transfer of $2 billion worth of BTC to an unknown wallet address has not only surprised the cryptocurrency community. Also, it highlighted potential communication gaps between government statements and actions. Critics argue that the move undermines confidence in the government’s commitment to supporting the crypto market.</p>
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener noreferrer nofollow"><img decoding="async" class="aligncenter wp-image-124240" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg" sizes="(max-width: 714px) 100vw, 714px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1068x132.jpg 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1.jpg 1197w" alt="Coins" width="714" height="88"></a></p>
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<h6><strong>Disclaimer</strong></h6>
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p>
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/us-transfers-2b-in-bitcoin-after-trumps-promise/" rel="noopener noreferrer nofollow">US Transfers $2B in Bitcoin After Trump’s Promise</a> appeared first on <a href="https://www.altcoinbuzz.io" rel="noopener noreferrer nofollow">Altcoin Buzz</a>.</p>

US Transfers $2B in Bitcoin After Trump’s Promise

Altcoin Buzz

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