Why? They hold somewhere around 200k BTC.
This might kill the price in the shorterm sure.. But it will get the Bitcoin into more hands, as thet've recently been selling dirrctly in the market rather than through private biddings.
It will also eliminate future worries about the U.S gov influence on price of Bitcoin; as they would've already sold them.
TLDR: BTC goes on sale, more people have it, safe from US gov action.
Imagine having your student debt relief plan stalled in the courts while you're just sitting on billions in Bitcoin.
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It's not like they'll fullfill if they sell it, they're a bottomless hole...
Unbankruptable, no questions asked, student loans are the worst of the FIAT mechanisms, allowing universities to be artificially void of supply/demand.
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Yeah, at current price, it wouldn't cover the proposed plan. But imagine distributing all that Bitcoin to everyone that qualified for relief. Now imagine this admin wasn't peddling an anti-Bitcoin narrative.
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