Seems Uptober has been put on hold for now. The US Government has been given approval by courts to sell 69,000BTC that was confiscated from Silk Road over a decade ago.
I can’t help but feel suspicious that every time we look close to break out, something like this happens. 69,000BTC will be absorbed by the market, no doubt. Very suspicious timing though, this is where my inventive mind comes into play. Revenge and pettiness by Democrats with one last **** you to crypto friendly Republicans? I mean why rush through selling 69,000BTC when it’s likely they might not even be in power in 4 weeks time.
Or is this on orders from the likes of Blackrock, because the are running out of OTC sellers and this is the only way to satisfy demand, whilst keeping prices down at the same time?
Regardless, resistance is futile, the inevitable can only be delayed short term, $200,000+ per coin by end of 2025.
We survived Mt GOX, we can survive this
I doubt they would hold on to the Bitcoin after election
So the auction would be taking place any time before the election.
Recall Trump if I ain't mistaken wants to turn seized Bitcoin to a strategic reserve.
The democrats wouldn't want such decision to fall on the republican.
Well this ain't their first auction, but it's quite annoying seeing things just coming up in delaying an inevitable take off.
I think there would be some freedom and balance after the election.
Poll
