Breaking news! The United States sells off BTC seized from Silk Road worth $6.5 billion
In the last ten days, this is going to cause trouble for Trump. A federal judge ruled on December 30 that the Department of Justice can sell 69,370 BTC seized from the Silk Road darknet market.
Please note that the previous sale did not directly affect the price because it was completed through over-the-counter transactions. This time will be no exception and will not be through the secondary market, but market panic on the news often causes prices to fall temporarily.
Currently, the US government holds about 197,000 BTC ($18.6 billion). Isn't Trump going to go all-in on Bitcoin?
Yes, but this part of BTC was held during the Biden administration. Although Trump said that he planned to stop the US government from selling BTC, this would require the transfer of power and the support of Congress to achieve this, so it has nothing to do with Trump, and he can't do anything about it.
Many friends are concerned about whether this batch of BTC has been sold out. Judging from the current known US holdings data, it has not been sold out.
It may not even have started selling because the Department of Justice has not updated the sales information at all. If it has been sold, it should be announced.
There is still some good news on the news
It is worth mentioning that the president of the Czech National Bank recently revealed that they are considering purchasing a small amount of Bitcoin as a diversification strategy for foreign exchange reserves. This news undoubtedly gave the BTC market a shot in the arm.
As countries have included BTC in their strategic reserves, its price stability will be further enhanced and the risk will be relatively reduced.
The recent market has been mainly affected by the Fed's interest rate cut that is lower than expected, but once economic data shows that inflation has cooled down, coupled with the promotion of Trump's new policy, there is an 80% probability that the BTC price will break through the $120,000 mark in January and February, and will continue to create new historical records.
