US government selling Bitcoin is a ‘huge strategic mistake,’ say observers

“There is no price where it makes sense for the US to sell any Bitcoin it has under its control,” said Space Force Major Jason Lowery.

Crypto industry executives were quick to point out the folly of the United States government’s decision to transfer $1.9 billion of Bitcoin to Coinbase, with some calling it a “huge strategic mistake.” 

“This is a huge strategic mistake. There is no price where it makes sense for the US to sell any Bitcoin it has under its control,” said United States Space Force engineer Jason Lowery on X on Dec. 3. 

“They have no idea what they own, and it shows,” he added before continuing: 

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