Peter Schiff has warned that the U.S. government may soon sell 69,370 Bitcoin (worth approximately $4.33 billion) seized from the Silk Road, following the Supreme Court’s decision on October 7, 2024, which gave the government full control over the assets. This large sell-off could potentially flood the market with Bitcoin, leading to a price decline. However, institutional investors might seize the opportunity to buy BTC at lower prices, stabilizing the market. With the U.S. government holding a total of 203,239 BTC, any sale could have a significant short-term market impact, though Bitcoin has historically bounced back from large liquidations.
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