đ§âđ»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.
đ Details:
đ„The assets will be converted to cash and transferred to the Treasury Department.
đ„The sale is typically done via Coinbase Prime at the beginning of the month.
â ïž Risks:
1ïžâŁ A sale of this size could put significant pressure on Bitcoin prices.
2ïžâŁ Poor execution could lead to a market crash, as happened with Germany in 2024.
đ Long-Term Opportunities:
1ïžâŁ Historically, Bitcoin has recovered strongly after such liquidations.
2ïžâŁ Some forecasts suggest that the market may have already priced in this sale.
â Important Questions:
1ïžâŁ Why the delay? The ruling was issued on December 30, and the Justice Department had 5 business days to act.
2ïžâŁ Is the new administration playing a role? They promised not to sell Bitcoin. Has anything changed?
Short-term uncertainty, but strong long-term opportunities.
⏠ïžThey probably won't sell now: just another round of FUD rumors to shake up the market in general.
⏠ïžWhy 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? đ€đ