After a spree of enforcement actions against criminal activity, the US stacked an impressive amount of Bitcoin over ten years. Crypto Czar David Sacks argues that selling the confiscated Bitcoins for a pittance has cost US taxpayers a fortune ahead of the planned Crypto Strategic Reserve. America Could Have Gained $17 Billion From Hodling Its Seized BTC, Says Crypto Czar Crypto Czar David Sacks has criticized previous administrations of the US government for selling off seized Bitcoins. According to Sacks, the value of the disposed assets is now worth a large fortune that could benefit US taxpayers. In a post on X, Sacks disclosed that the US sold nearly 195,000 BTC over ten years for only $366 million. He argues if the federal government did not sell the Bitcoins, the assets would have been worth over $17 billion as Bitcoin eyes $100,000 . “If the government had held the bitcoin, it would be worth over $17 billion today,” said Sacks. “That’s how much it has cost American taxpayers not to have a long-term strategy.” The US government’s BTC holdings came from busting criminal activities on the deep web with the Silk Road seizures topping the list. At the time, US authorities confiscated nearly 170,000 in a single bust from Silk Road founder Ross Ulbritch in 2013. In 2020, authorities seized an additional 69,370 BTC and an additional 50,000 BTC associated with the Silk Road project. US Authorities Sold Confiscated Bitcoins In Droves The U.S. Marshalls Service (USMS) holds the confiscated BTC and organizes auctions for the sale of the assets. The Department of Justice (DoJ) has approved several BTC auctions drawing criticisms from several quarters over the handling of sales. The last sale occurred barely 10 days before new President Donald Trump assumed office amid whispers of a national Bitcoin Strategic Reserve for the US. President Trump has announced a Crypto Strategic Reserve tapping Bitcoin and a slew of altcoins to bolster holdings. “This isn’t just mismanagement. It’s theft from American taxpayers,” said Jane Adams on X. Imagine what could’ve been done with that wealth if only they had a clue about long-term strategy.” As the government inches toward a Bitcoin reserve, the sale of confiscated Bitcoins will be a rarity in the US. Furthermore, the US may earmark a portion of its budget to scoop Bitcoins following high-level discussions in Friday’s White House Crypto Summit . The post Crypto Czar Reveals How Much The US Has Lost From Bitcoin Sales appeared first on CoinGape .
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As the market recovers, attention shifts to which crypto, including Polkadot and Chainlink, could see 10x gains. Table of Contents XYZVerse: The first sports meme coin poised for 50x gains? Polkadot Chainlink Conclusion As the market begins to recover, attention turns to which cryptocurrencies might see significant gains. Polkadot and Chainlink are well-known contenders, but an emerging crypto could outpace them both. Identifying the one poised for a tenfold increase could be key to unlocking substantial profits in the near future. You might also like: Chainlink eyes key breakout while XYZVerse’s $9m presale gains steam XYZVerse: The first sports meme coin poised for 50x gains? The excitement around XYZVerse is building fast. As the first-ever all-sports meme token, it’s merging the passion of sports fans with the viral energy of meme culture — creating a crossover that’s catching serious attention. With a skyrocketing presale and a dedicated community, some investors believe this could be the next 50X breakout. Beyond just another meme coin Unlike typical meme coins that thrive on hype alone, XYZVerse is setting a new standard by integrating sports into the crypto world. The project is gaining momentum, and its presale reflects that demand. Early investors who got in at $0.0001 have already seen the price surge to $0.002 by Stage 10 — nearing the $7.5 million milestone. With a final presale target price of $0.1, many are eyeing major potential gains. Bullish sentiment on XYZ XYZVerse is already making waves on CoinMarketCap, where 95% of voters are bullish on its growth. Influential crypto analysts are also taking notice — DanjoCapitalMaster, with nearly 800,000 followers, recently called XYZVerse a “moonshot opportunity.” While nothing in crypto is guaranteed, the excitement is undeniable. But it’s not just about hype. XYZVerse’s tokenomics are designed for long-term growth: 15% allocated to liquidity for market stability. 10% set aside for community rewards, including airdrops and bonuses. 17.13% reserved for deflationary burns, potentially reducing supply and increasing demand over time. Community-powered growth and big plans ahead XYZVerse isn’t just launching a token — it’s building a movement. The Ambassador Program lets users earn free tokens by supporting the project, and talks are already underway with major sports celebrities to expand its reach. By bridging the gap between sports fans and crypto investors, XYZVerse is crafting something unique — combining entertainment, engagement, and real value. Could XYZVerse be the next big meme coin? With a rapidly growing presale, a strong and engaged community, and an ambitious roadmap, XYZVerse is shaping up as one of the most promising meme coins of the year. While the crypto market remains unpredictable, the early signs suggest this could be a rare opportunity. Polkadot Polkadot’s (DOT) price has moved notably over the past six months, increasing by 8.46%. This shows resilience amid market fluctuations. However, recent trends show a downward shift. In the past month, DOT’s price dropped 15.34%, and over the last week, it decreased 6.03%. This decline points to potential short-term bearish sentiment. Currently priced between $4.50 and $5.58, DOT is near its support level at $3.78. The 10-day SMA is $4.33, and the 100-day SMA is $4.62, reflecting a cautious outlook. The RSI at 51.03 suggests the asset is neither overbought nor oversold. The MACD level of -0.0183 indicates slight bearish momentum. These indicators hint DOT might test support levels if the downtrend continues. If buying pressure increases, DOT could aim for the resistance at $5.94. Breaking this could target the second resistance at $7.02, a potential upside of over 25%. The stochastic at 54.05 suggests room for upward movement. Traders will watch for signs of reversal, as a shift in sentiment could propel DOT’s price upward. Chainlink Chainlink (LINK) has shown varied price movements recently. In the past week, it rose by 1.37%, indicating slight growth. Over the last month, it dropped by 24.17%, showing a significant decline. However, over six months, the price has increased by 54.59%, highlighting strong long-term growth. Current data suggests potential for a price rise. The RSI is 65.71, nearing overbought but still bullish. The Stochastic oscillator is high at 96.69, confirming strong momentum. The MACD is positive at 0.2212, supporting upward movement. Chainlink’s price is between $14.68 and $18.96 now. The nearest resistance is at $20 and then at $24. Breaking these levels could lead to significant gains. Support levels are at $11.93 and $7.65. The 10-day and 100-day simple moving averages are close, at $15.04 and $15.10, indicating consolidation. Conclusion Though DOT and LINK are promising, XYZVerse’s blend of sports and meme culture, aiming for 20,000% growth, could make it the first to skyrocket 10x. To find more information about XYZVerse, visit their website , Telegram , or X . Read more: Golden cross alert: Is a massive Shiba Inu, Polygon, XYZVerse rally on the horizon? Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
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