Bitcoin Braced For Potential Downward Pressure With U.S. Cleared To Sell $6.5 Billion In Silk Road BTC

2 weeks ago 22

Silk Road's Ross Ulbricht Envisions a 55% Price Drop for Bitcoin

The US Department of Justice (DOJ) has secured final approval in the Northern District Court of California to auction off roughly $6.5 billion worth of Bitcoin seized from the infamous Silk Road dark web marketplace. The ruling marks a decisive end to a complex four-year legal dispute over the ownership of this BTC ($104,572.65) haul.

This is an interesting situation as it comes just 10 days from Donald Trump’s inauguration. The incoming president...



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