🚀 Hot crypto news: The US DOJ is preparing to auction $6.5 billion in BTC from Silk Road! 🤑

- The US government is holding 198,000 BTC (~$18.5 billion). There are rumors that the Biden administration might sell it all before Trump takes office.

- Jason Williams believes that selling BTC in a bull market is a political strategy, but will Trump buy it back at a higher price?

- BTC price dropped 2.78% after the news, but history shows that US government auctions have little long-term impact on BTC prices.

- Since March 2023, the government has sold 38,000 BTC, but the BTC price has still increased by 375% thanks to strong demand from new ETFs.

- The US government has missed out on $17.9 billion in profits from previous BTC sales.

What do you think about this move? Comment now! 💬