The U.S. government won a lawsuit against Battle Born Investments and gained the right to dispose of 69,370 bitcoins (~4.4 billion dollars) confiscated from Silk Road.

When Germany sold 49,858 bitcoins in June-July, the price of bitcoin dropped from $69,000 to $53,000. Trump has expressed interest in creating a strategic bitcoin reserve, and if he were in charge, it could be assumed that he wouldn’t sell them.

However, Biden is in power, and if he and his administration decide to sell the bitcoins to prevent them from potentially going to Trump in the event of an election win, we might see a drop even more significant than what happened in June-July.

The sale of the 69,370 bitcoins confiscated from the Silk Road black market has been confirmed. The U.S. Supreme Court rejected Battle Born Investments' appeal, granting the government authorization to proceed with the sale of the bitcoins, valued at approximately 4.4 billion dollars. The U.S. Marshals Service will manage the auction, and it is expected to be one of the largest sales of seized bitcoins in history. This sale could have a significant impact on bitcoin prices, as has happened with similar sales in the past.