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International Business Times

Business

Marvie Basilan

Bitcoin At $66K: US Govt-Linked Wallet Moves $2B After Trump Floats 'Hodl' Strategy

Bitcoin Donald Trump United States Crypto James Seyffart Arkham Coinbase the US Government

Donald Trump promised Bitcoiners at the Bitcoin 2024 conference that if he gets elected, he will implement a "hodl" strategy for the U.S. government's $BTC holdings. (Credit: Bitcoin Magazine Twitter/Screenshot)

KEY POINTS

The wallet split $2 billion worth of Bitcoins into two addresses, Arkham revealed Monday
Crypto users are questioning the motives behind the transfer, especially after Bitcoin 2024
Some users said the current administration may be challenging Trump's 'hodl' plan

Hype around the Bitcoin 2024 conference in Nashville propelled the world's largest cryptocurrency's value to nearly $70,000 earlier Monday, but the digital currency quickly shed $4,000 Monday night after a digital wallet linked to the U.S. government moved some $2 billion worth of seized Bitcoins.

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