🇺🇸 69,000 BTC for sale: is the new administration changing course?
Less than two weeks after taking office, the new U.S. administration has authorized the liquidation of 69,000 BTC 💰 (worth $6.5 billion), seized in connection with the Silk Road case.
⚡ An interesting turn of events:
Previously, the administration had promised to refrain from selling crypto assets. But, as we can see, plans are changing.
This could impact the market, as such a large amount of BTC is significant enough to cause volatility. 📉📈
💡 What does this mean for the market?
Potential downward pressure on the price of BTC.
An increase in the government's role in managing large crypto assets.
What do you think, is selling the right move or should they have held onto it? Share your thoughts! 👇