The U.S. Supreme Court has refused to hear Battle Born Investments' lawsuit regarding the seizure of 69,370 BTC in the Silk Road case, allowing authorities to sell the seized cryptocurrency, which is currently valued at $4.3 billion. This development has led financial experts, including cryptocurrency skeptic Peter Schiff, to share their opinions. Schiff suggests that a significant sell-off could negatively impact the price, but also proposes that MicroStrategy should borrow funds to acquire the Bitcoin. The possibility of a sell-off has sparked discussions, with some dismissing it as fear, uncertainty, and doubt (FUD) surrounding Bitcoin, while others express concern about the potential effects on supply dynamics. The outcome and impact of the U.S. government's decision remain uncertain, drawing comparisons to Germany's Bitcoin sell-off last summer.
- Content Editor ( u.today )
- 2024-10-09
US Bitcoin Dump Worth $4.3 Billion Incoming, Schiff Sounds Alarm