🧑💻Just to clarify!
The US Department of Justice has received court approval to liquidate $69,370 BTC (worth $6.5 billion) seized from Silk Road.
🔍 Details:
💥The assets will be converted to cash and transferred to the Treasury Department.
💥The sale is typically done via Coinbase Prime at the beginning of the month.
⚠️ Risks:
1️⃣ A sale of this size could put significant pressure on Bitcoin prices.
2️⃣ Poor execution could lead to a market crash, as happened with Germany in 2024.
🚀 Long-Term Opportunities:
1️⃣ Historically, Bitcoin has recovered strongly after such liquidations.
2️⃣ Some forecasts suggest that the market may have already priced in this sale.
❓ Important Questions:
1️⃣ Why the delay? The ruling was issued on December 30, and the Justice Department had 5 business days to act.
2️⃣ Is the new administration playing a role? They promised not to sell Bitcoin. Has anything changed?
Short-term uncertainty, but strong long-term opportunities.
⬅️They probably won't sell now: just another round of FUD rumors to shake up the market in general.
⬅️Why don't they wait 11 days? Trump's presidency could change the equation completely!
Will Bitcoin show its resilience again in the face of these crises? 🤔🚀
