The US cleared to sell $6.5B BITCOIN
WILL IT CRASH $BTC Market ๐ค๐ค๐ค๐ค???
The US Department Of Justice (DOJ) is poised to auction off a $6.5 Billion worth of Bitcoin $BTC seized from Silk Road on December 30th, concluding a protracted legal battle over ownership of this Bitcoin.
The US govt. could sell more BTC before Trump.
As of Jan 9th US govt was holding 198,000BTC worth around $18.5 Billion, according to data resources Arkham intelligence . The $6.5 Billion is the part of the same reserves.
The US govt may sell $6.5 Billion worth of Bitcoin in just a week.
What do you think will be the impact on the Market. Share your thoughts in the Comments.
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