TechFlow reported on December 3 that, according to Cointelegraph, crypto executives have criticized the U.S. government's decision to transfer $1.9 billion worth of Bitcoin to Coinbase, calling it a "huge strategic mistake." Jason Lowery, an engineer with the U.S. Space Force, commented: "This is a massive strategic error. It makes no sense for the U.S. to sell any Bitcoin under its control."
Coinbase CEO Brian Armstrong expressed agreement, adding, "The U.S. government should never sell Bitcoin."
Previous report indicated that, according to on-chain analyst Ai Yi, the Bitcoin transferred by the U.S. government may not yet have been sold and could have been traded via OTC deals without entering the secondary market.
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