The US Government has been granted the authority to sell $6.5 billion worth of Bitcoin seized from the Silk Road. This sale is scheduled to occur before the end of Donald Trump’s term in office. The Silk Road, which was shut down in 2013, had amassed a significant amount of Bitcoin. The government’s decision to liquidate these assets comes at a time when the cryptocurrency market is experiencing heightened volatility and regulatory scrutiny. This move could potentially influence Bitcoin’s market dynamics, given the substantial volume of the sale. The sale of such a large amount of Bitcoin could have implications for market liquidity and price stability, making it a significant event in the crypto space.
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![[WARNING] DOJ Cleared to Sell Billions of Bitcoin](https://i.ytimg.com/vi/04o7CPtWqsc/mqdefault.jpg)
