Your hypothesis would be correct if the Biden administration used the proceeds from selling bitcoin to do something that benefits them. If they just sell Bitcoin for USD but do nothing with the money then it cannot be said that they intentionally obstructed the Trump administration because the money is still there.


According to some data, they have not sold any bitcoins yet and we need to wait and see what they do next. But if they sell, bitcoin price will definitely drop but I don't think it will be dumped below $60k.

I don't even believe there will be any proposals for national reserve bitcoin, let alone that we'll see it happen in this cycle. The Federal Reserve has made a statement but many people still do not accept this fact.

69k btc is a serious amount, maybe that explain the drop we saw in the past hours, it looks like the crash is on the way, for a moment BTC lose close to 10% of it's value, if we see the price of the past 7 days we can see how it went from 102k to 91k, that's something serious for a big market.

Let's see how the market flows now, maybe it start going back to $100k again.

You can check on this data “ Bitcoin Holdings of Countries & Governments “ to see other countries that hold bitcoin, both by seizure, mined, and those who bought and hold bitcoin. 

It's a great opportunity for many people and bad news for those who were already planning to sell. People who don't intend to hold bitcoin for long, such as those who hear news that causes panic in the market, are always affected negatively. 
 
On the other hand, some will also consider it not to be good news looking at what will happen to the market if they eventually sell. If the news of approval can cause this drop in the market, what more will selling do to the market? But whatever selling news will bring, it will still be an advantage for buying cheap for many.

No one knows about it. Until it has passed as a law and there's an assurance then that Bitcoin national reserve is for real. As of now, let's take it as a word of mouth from Trump. He's not yet in the position to make sure that he'd definitely make it happen. What is happening now is the action still of the Biden administration and they've probably planned this long time ago and all of the proceeds might be allotted into something else. But hopefully, there will be some good news once Trump steps into the white house and clean all of this mess that the Biden's admin left.

I think this might take a little longer and eventually, things might go through other side which could halt the selling of the Bitcoin. The crypto market is still ranging looking like the price of Bitcoin could go down a little more, giving us the opportunity to buy more Bitcoin; that's left for those that have the funds to do so. I think many Bitcoin influencers and whales are already getting prepared for the huge bull momentum that could take place after Donald Trump gets inaugurated.
We might see some sharp spike in the price of Bitcoin which could also influences altcoins to gain some ground in this anticipated bull movement that could surprise everyone.

I don't think the bitcoin haters in the government see it this way. To them it changes a lot.

First of all it forces Trump to spend money on this. Instead of moving coins from one agency to another he'll have to make a purchase. I'm not an expert in this, but spending budget needs more approval than allocation of an asset that's already in possession of the government. Think of it like the army giving away some of its unused vehicles to the police, versus the police asking for money to buy the same vehicles from private owners. It's not only going to be harder to do, but also count as government spending money. If that spending ends up being a loss next year, it's going to give democrats something to throw at Trump.

Also, it's a bit late, but if the current administration managed to allocate the money gained from selling bitcoin and spend it on some social projects, like schools, social services, or send it to Ukraine, Trump would not be able to use it to buy back BTC and Biden would say he used worthless bitcoin that was sitting there for years against president Zelensky... wait Putin! President Putin!

Yeah, people have also been spreading fud that Joe Biden is probably going to push for the sale of all BTC's currently held by the United States before leaving office, but there is no indication that he is going to do that, there is even no reason why he should do that. The only thing i can think of is that it is fud, why sell all BTC's, when the incoming president can buy them back when he takes office and set up a strategic reserve if he wants to.

A discount Indeed  , with the current news many might be low key hoping they sell in order to buy the dip and get more units of btc and to be honest, I might still want it since it will increased the unit I make from signature campaign 😉.


The news has become quite popular now: https://cointelegraph.com/news/us-cleared-sell-6-5-b-bitcoin-crash-btc-price.
They can chose to sell if they feel like.


We are still optimistic but I know many are still not disrupting a bearish market before Trump finally take charge and we begin to see the more bullish season .

Well, assuming that is his serious intention, I wonder how he will go about it. Because according to the news I read, the US government and the Fed are two completely separate agencies and do not have to obey each other's orders. Meanwhile, as we all know, national reserves are held by central banks (Fed) and not by the government. I guess you didn't miss the Fed statement on bitcoin and that's why I'm not bullish on bitcoin reserves.

I also supported Trump in the election but I don't believe in his Bitcoin reserve strategy and I consider it a statement aimed at winning votes.


That's what i mean, if those bitcoins were actually sold the market would react more negatively. Many people see this as good news, I hope they bought and will buy more if the price continues to fall like they say.
It is surprising that we are in the bull season and everyone wants Bitcoin to go up sharply to take profits but there are also people who expect Bitcoin to go down at this time.