US Gov’s $3.6B Bitcoin Haul from Bitfinex Hack Ignites Market Frenzy—Wall Street Left Scratching Heads
Feds flip crypto’s biggest heist into a treasure trove—while traditional finance still can’t agree if Bitcoin’s ‘real money.’
The Takeover No One Saw Coming
When the DOJ seized 94,000 BTC from the 2016 Bitfinex breach, they became accidental crypto whales. Now that stash—worth a jaw-dropping $3.6 billion at today’s prices—is shaking markets as transfer rumors swirl.
Cold Wallet Meets Cold Feet
Blockchain sleuths tracked the coins moving to government-controlled addresses. Cue panic sells from weak hands—because nothing terrifies bagholders like Uncle Sam becoming their exit liquidity.
The Irony Isn’t Lost
Eight years ago, hackers stole this Bitcoin from an exchange. Today? The same coins might fund federal cybercrime task forces. Poetic justice—or just proof crypto outlasts every ‘this time it’s dead’ take?
Meanwhile, hedge funds still debating ‘store of value’ theses missed the real lesson: the asset class that survives confiscation tends to win. But hey—keep shorting, guys.
Over the years, the US Govt. has quietly built up one of the largest BTC holdings in the world. The biggest chunk came recently $13.65 billion worth of Read More
