Industry insiders: The sale of $6.5 billion in Bitcoin held by the U.S. government requires strict procedures and involves numerous steps

Odaily Planet Daily reports that Aidan Larkin of Asset Reality, when answering questions about the U.S. government's Bitcoin, said: "Basically, recent court approval is a normal procedure for any civil forfeiture. Moreover, this does not mean that the United States will immediately press the sell button. The sale of Bitcoin must follow a very strict process."

He added: "At some point in the future, it will go through normal government procedures. There will be a civil forfeiture application hearing. They will get approval and then it will enter into regular bailiff procedures and public domain." It is understood that Asset Reality is an American company with rich experience in handling assets seized by governments.

In addition, he believes that there isn't a high possibility of these Bitcoins being transferred to potential strategic reserves so don't hold out too much hope.