Despite the U.S. President-elect Trump’s promise during the campaign not to sell the Bitcoin seized by the U.S. government and to keep it as a strategic reserve for the U.S., the latest market news indicates that the U.S. Department of Justice has approved the sale of $6.5 billion worth of Bitcoin seized in the Silk Road case.
*DOJ CLEARED TO SELL $6.5B IN SEIZED SILK ROAD BITCOIN: OFFICIAL
— db (@tier10k) January 9, 2025
The release of the news further exacerbated the drop in Bitcoin, with Bitcoin falling below $94,000 at the time of writing.
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