{"id":379244,"date":"2025-03-06T20:43:17","date_gmt":"2025-03-06T15:13:17","guid":{"rendered":"https:\/\/dripp.zone\/news\/crypto-czar-reveals-how-much-the-us-has-lost-from-bitcoin-sales-crypto-news\/"},"modified":"2025-03-06T20:45:56","modified_gmt":"2025-03-06T15:15:56","slug":"crypto-czar-reveals-how-much-the-us-has-lost-from-bitcoin-sales-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/crypto-czar-reveals-how-much-the-us-has-lost-from-bitcoin-sales-crypto-news\/","title":{"rendered":"Crypto Czar Reveals How Much The US Has Lost From Bitcoin Sales &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>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.<\/p>\n<h2>America Could Have Gained $17 Billion From Hodling Its Seized BTC, Says Crypto Czar<\/h2>\n<p>Crypto Czar David Sacks has <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/davidsacks47\/status\/1897640660338925938?s=46\">criticized<\/a> 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.<\/p>\n<p>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 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/bitcoin-price-analysis-whale-transactions-down-30-as-btc-approaches-100k\/\">Bitcoin eyes $100,000<\/a>.<\/p>\n<p>\u201cIf the government had held the bitcoin, it would be worth over $17 billion today,\u201d said Sacks. \u201cThat\u2019s how much it has cost American taxpayers not to have a long-term strategy.\u201d<\/p>\n<p>The US government\u2019s 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.<\/p>\n<p>In 2020, authorities seized an additional 69,370 BTC and an additional 50,000 BTC associated with the Silk Road project.<\/p>\n<h2>US Authorities Sold Confiscated Bitcoins In Droves<\/h2>\n<p>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.<\/p>\n<p>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 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/sol-xrp-ada-surge-as-donald-trump-announces-strategic-reserve\/\">Crypto Strategic Reserve<\/a> tapping Bitcoin and a slew of altcoins to bolster holdings.<\/p>\n<p>\u201cThis isn\u2019t just mismanagement. It\u2019s theft from American taxpayers,\u201d said Jane Adams on X. Imagine what could\u2019ve been done with that wealth if only they had a clue about long-term strategy.\u201d<\/p>\n<p>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\u2019s <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/trending\/what-to-expect-from-the-donald-trump-crypto-summit-tomorrow\/\">White House Crypto Summit<\/a>.<\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow\" target=\"_blank\" class=\"social-text_new wp_new\" aria-label=\"whatsapp\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/crypto-czar-reveals-how-much-the-us-has-lost-from-bitcoin-sales\/\" target=\"_blank\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow\" target=\"_blank\" class=\"social-text_new tw_new_logo\" aria-label=\"Twitter\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/crypto-czar-reveals-how-much-the-us-has-lost-from-bitcoin-sales\/\" target=\"_blank\"><br \/>\n  <noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><\/noscript><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20834%20833'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                  \n\n<div class=\"col-6 pl-2\">\n                 \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-10-web-3-games-to-explore-in-2023-here-list\/?utm_source=priceanalysisbar&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20834%20833'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"authorBoxnew newauthordesign\">\n<div class=\"author_Ndata d-flex align-items-center mb-2\">\n<div class=\"author_Image\">\n                                           <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/d3c68c40d23261dc2cb9cf6f8f3be0c0?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/d3c68c40d23261dc2cb9cf6f8f3be0c0?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/d3c68c40d23261dc2cb9cf6f8f3be0c0?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/d3c68c40d23261dc2cb9cf6f8f3be0c0?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                  <\/div>\n<p>Aliyu Pokima  <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<p>Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<p><!-- \n\n<div class=\"container p-1 mb-3  mt-4 \">\n    \n    \n     \n\n<div class=\"Maintitle clgrn border-0\">\n               <span>Crypto Stories<\/span>\n                    \n                    \n                    <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/\" class=\"viewAll p-0\">View all<\/a>\n                <\/div>\n\n\n     \n\n<div class=\"row mobileXS \">\n                     \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/5-important-highlights-from-the-recent-fed-meeting\/?utm_source=post&utm_medium=web-story\" target=\"_blank\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20640%20853'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"5 Important Highlights from the Recent Fed Meeting\" decoding=\"async\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/cropped-GettyImages-1556780583-bb9b6dd6fddd47e1b1453cb82cea5bb0.jpg 640w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/cropped-GettyImages-1556780583-bb9b6dd6fddd47e1b1453cb82cea5bb0-225x300.jpg 225w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/cropped-GettyImages-1556780583-bb9b6dd6fddd47e1b1453cb82cea5bb0-150x200.jpg 150w\" data-lazy-sizes=\"(max-width: 640px) 100vw, 640px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/cropped-GettyImages-1556780583-bb9b6dd6fddd47e1b1453cb82cea5bb0.jpg\" \/><noscript><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/cropped-GettyImages-1556780583-bb9b6dd6fddd47e1b1453cb82cea5bb0.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"5 Important Highlights from the Recent Fed Meeting\" decoding=\"async\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/cropped-GettyImages-1556780583-bb9b6dd6fddd47e1b1453cb82cea5bb0.jpg 640w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/cropped-GettyImages-1556780583-bb9b6dd6fddd47e1b1453cb82cea5bb0-225x300.jpg 225w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/cropped-GettyImages-1556780583-bb9b6dd6fddd47e1b1453cb82cea5bb0-150x200.jpg 150w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">5 Important Highlights from the Recent Fed Meeting <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n              \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/chatgpts-next-big-upgrade-what-you-need-to-know\/?utm_source=post&utm_medium=web-story\" target=\"_blank\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20640%20853'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"ChatGPT's Next Big Upgrade: What You Need to Know\" decoding=\"async\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/03\/cropped-chatgpt-cute-robot_11zon.jpg 640w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/03\/cropped-chatgpt-cute-robot_11zon-225x300.jpg 225w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/03\/cropped-chatgpt-cute-robot_11zon-150x200.jpg 150w\" data-lazy-sizes=\"(max-width: 640px) 100vw, 640px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/03\/cropped-chatgpt-cute-robot_11zon.jpg\" \/><noscript><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/03\/cropped-chatgpt-cute-robot_11zon.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"ChatGPT's Next Big Upgrade: What You Need to Know\" decoding=\"async\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/03\/cropped-chatgpt-cute-robot_11zon.jpg 640w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/03\/cropped-chatgpt-cute-robot_11zon-225x300.jpg 225w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/03\/cropped-chatgpt-cute-robot_11zon-150x200.jpg 150w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">ChatGPT\u2019s Next Big Upgrade: What You Need to Know <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n              \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/5-reasons-behind-mega-banks-2024-ethereum-price-prediction\/?utm_source=post&utm_medium=web-story\" target=\"_blank\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20640%20853'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"5 Reasons behind Mega Bank's 2024 Ethereum Price Prediction\" decoding=\"async\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/01\/cropped-shutterstock_1958528764_10.jpg 640w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/01\/cropped-shutterstock_1958528764_10-225x300.jpg 225w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/01\/cropped-shutterstock_1958528764_10-150x200.jpg 150w\" data-lazy-sizes=\"(max-width: 640px) 100vw, 640px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/01\/cropped-shutterstock_1958528764_10.jpg\" \/><noscript><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/01\/cropped-shutterstock_1958528764_10.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"5 Reasons behind Mega Bank's 2024 Ethereum Price Prediction\" decoding=\"async\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/01\/cropped-shutterstock_1958528764_10.jpg 640w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/01\/cropped-shutterstock_1958528764_10-225x300.jpg 225w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/01\/cropped-shutterstock_1958528764_10-150x200.jpg 150w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">5 Reasons behind Mega Bank\u2019s 2024 Ethereum Price Prediction <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n     \n                              \n          <\/div>\n\n\n    \n          \n \n    \n            \n    <\/div>\n\n        --><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":345677,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-379244","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/379244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=379244"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/379244\/revisions"}],"predecessor-version":[{"id":379246,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/379244\/revisions\/379246"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/345677"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=379244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=379244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=379244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}