WHY $BTC CRASH ? - Read below๐
Why BTC Crash??? โโโ
LET ME TELL YOU ๐๐๐
#OnChainLendingSurge
Recently a statement ๐
from Chief U.S. District Judge RICHARD SEEBORG gave green light to US GOVERNMENT to liquidate 69,000 $BTC worth of 6.5 Billion dollars from silk roadโฆโฆ
DOJ Cleared to Sell $6.5 Billion in Bitcoin Seized From Silk Road
๏ปฟ๏ปฟA federal judge ruled December 30 that the DOJ can sell 69,370 Bitcoin seized from the Silk Road darknet marketplace, officials confirmed
๏ปฟ๏ปฟA years-long ownership dispute over the seized Bitcoin ended after Battle Born Investments lost its bid to delay the sale. The group had claimed ownership through a bankruptcy estate and recently lost a related FOlA case seeking to reveal the identity of "Individual X" who originally surrendered the Bitcoin.
๏ปฟ๏ปฟBattle Born's attorney called it "another egregious example of the DOJ's abuse of the Civil Asset Forfeiture process," claiming the government "relied on procedural trickery to make sure the facts are never heard."
๏ปฟ๏ปฟThe DOJ cited Bitcoin's price volatility in pushing for permission to sell the assets. When asked about next steps, a DOJ spokesperson said "The Government will proceed further consistent with the judgment in this case."
๏ปฟ๏ปฟThe seized Bitcoin is currently valued at approximately $6.5 billion.
Current Statusโ
Right now $BTC is experiencing hard days and currently at $92.841 with one day loss of around 2.35% and still decreasing
Future Predictions????
Nothing but $BTC will roar ๐ฆ again.
Disclaimer - DYOR
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