The U.S. government has been approved to sell 69,370 BTC seized from the Silk Road marketplace. This comes after a four-year legal battle over the seized crypto. While the sale is not guaranteed and may face appeals and administrative processes, its approval has sparked reactions from the crypto community. Some see it as undermining President-elect Trump's promise to keep and acquire more bitcoins, while others speculate that the current administration is eager to sell before a potential bear market. The value of the seized bitcoins is currently around $6.55 billion. Various individuals and CEOs have voiced their opinions, with some suggesting market manipulation and others seeing it as sabotage against Trump's Bitcoin reserve plans. Ultimately, while the sale has caused some concern in the crypto community, the seized bitcoins are not a substantial share of the U.S.' desired holdings.
- Content Editor ( crypto.news )
- 2025-01-09
Crypto X buzzes over the approval of the Silk Road bitcoins dump: What do people say?