Bitcoin is neither money nor currency, it might be a substitute for gold as a “hard” asset. Can you imagine quoting prices in something as volatile as bitcoin?
The Captain
Ah, but it can be turned into money in a specific currency … sort of like the guys who claimed to be able to turn lead into gold?
Anymouse <who drafted himself into the Canadian Army at barely 17. Beat the heck out of working in the local pulp mill in Marathon Ontario.>
https://www.cnbc.com/2021/12/19/what-the-us-government-does-…
CRYPTO DECODED
The U.S. government has a massive, secret stockpile of bitcoin — Here’s what happens to it
PUBLISHED SUN, DEC 19 20219:00 AM ESTUPDATED SUN, DEC 19 20217:54 PM EST
MacKenzie Sigalos @KENZIESIGALOS
KEY POINTS
The U.S. government regularly holds auctions for its stockpile of bitcoin, ethereum, litecoin and other cryptocurrencies it seizes.
Auctions kicked off in a big way with the 2013 takedown of Silk Road, a dark web marketplace that traded in illegal goods.
“It could be 10 boats, 12 cars, and then one of the lots is X number of bitcoin being auctioned,” said Jarod Koopman, director of the Internal Revenue Service’s cybercrime unit.