The US government's attitude is really shifting. Treasury Secretary Yellen recently announced a major move at the Davos Forum — no longer selling off confiscated digital assets, but instead transferring all Bitcoin held by the Department of Justice and the Treasury into a newly established "US Strategic Bitcoin Reserve."

What does this mean? It turns out that those Bitcoins obtained through criminal and civil forfeitures will now be permanently retained. Previously, the US Marshals would regularly auction off these assets, but that has now changed.

Yellen's statement is quite interesting — this is to "prevent the loss of sovereign digital wealth." Viewing the more than 200,000 Bitcoins currently held by the US as a long-term value reserve on the national balance sheet, used to hedge against the volatility of traditional fiat currencies.

From another perspective, this reflects the US government's recognition of Bitcoin as an asset class. Moving from confiscation-auction-flow to the private sector, to now including it in national reserves, indicates a significant policy shift. How much this will influence the overall market sentiment, everyone can interpret for themselves.