Bitcoin (BTCUSD)

[Saving Grace]

More seized assets coming. Writing on the wall.

The United States government moved just over $2 billion worth of seized Bitcoin connected to the Silk Road dark web marketplace to a new, as yet unidentified wallet, according to on-chain data shared by Arkham Intelligence

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It’s not yet known whether the United States plans to sell today’s transferred Bitcoin. Decrypt reached out to the U.S. Department of Justice for comment and clarification, but did not receive an immediate response

It was 67,000 5 days ago.

Elite are fleeing in droves. Govt. making light about it, all in the plan, hook line and sinker.

The feds hold Bitcoin that’s been seized from criminals and sometimes move it around between wallets and/or custodians. The authorities don’t always sell the crypto they seize, but they have done in the past.

The Bitcoin moved by the government today was from Silk Road, an online black market which mostly facilitated the sale of illegal drugs before authorities shut it down in 2014. Feds confiscated the Bitcoin used on the website to buy goods.

The Bitcoin they are liquidating is only the beginning.

https://decrypt.co/242235/us-government-moves-2-billion-silk-road-bitcoin