Loading ...DOJ cleared to sell $6.5B in Bitcoin seized from Silk Road
LINK ADDED (don’t think it’s the same one but it will suffice) — I gather from the articles that this is new news as these specific Bitcoins were to be the cornerstone of Trumps strategic Bitcoin reserves. The DOJ intends to dump them prior to inauguration.
- The US Department of Justice was approved to sell 69,370 Bitcoin seized from Silk Road, a new report said.
- Battle Born Investments opposed the sale but failed to block it.
US cleared to sell $6.5B in Bitcoin — Will it crash BTC price? — https://www.msn.com/en-ca/money/other/us-cleared-to-sell-6-5b-in-bitcoin-will-it-crash-btc-price/ar-BB1ranrM?
DOJ cleared to sell $6.5B Silk Road Bitcoin – No more U.S. BTC reserve? — https://ambcrypto.com/doj-cleared-to-sell-6-5b-silk-road-bitcoin-no-more-u-s-btc-reserve/
Yet another example of ANYTHING and EVERYTHING to keep Trump locked down and unable to govern upon inauguration!
Wonder how recent this decision was made and if the market has already anticipated such a sale or is it yet to be factored in?
My apologies CM — I thought I had posted the link — will find and update shortly
Based on the articles it would appear that The DEMOCRAT PARTY is executing a SCORCHED EARTH strategy to impede Trump from implementing his agenda……this is just one of many decisions (like trying to sell the border wall for pennies on the pound). Decisions are not for the benefit of citizens — all political!
This is good and fits in with my belief that Bitcoin is headed towards the 200 day around 73-74k. I hope it happens this week before Trump takes over. I think he is making a big mistake if he follows thru and does buy Bitcoin but at least if it gets down they won’t be buying over 100k.