The US government moved over 9,800 BTC from the Silk Road case

[Blitzboy]

Nearly 10,000 Bitcoins (oh, lovely BTC!) previously held by Silk Road have been moved by the United States authorities, drawing a lot of attention. I'm sad the link isn't in our language because I'm missing some delicious details.

So, what's the strategy, dear Gov? Do you want to cash in on Bitcoin's recent price increase, or do you have another chess move planned that we haven't figured out yet? In any case, it strengthens Bitcoin's market standing. This development certainly adds some suspense to the Bitcoin story. The skeptic in me, though, is eager to learn the long-term effects of this massive deal.

[1714694075]

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[Z-tight]

I'm sad the link isn't in our language because I'm missing some delicious details.

The story is on the internet for you to read, this is a link to the story written in English: https://www.google.com/amp/s/cointelegraph.com/news/us-government-doj-moves-nearly-10k-bitcoin-related-to-silk-road-seizure/amp

So, what's the strategy, dear Gov? Do you want to cash in on Bitcoin's recent price increase, or do you have another chess move planned that we haven't figured out yet? In any case, it strengthens Bitcoin's market standing. This development certainly adds some suspense to the Bitcoin story. The skeptic in me, though, is eager to learn the long-term effects of this massive deal.

The U.S. government is only liquidating BTC's they seized from Silk road, it is not a surprise because they already said they would liquidate them in batches, so more sales are even expected to happen. People like to think about conspiracies in anything relating to BTC, but i don't see any conspiracy theory in all these and i don't think there is going to be any long term effects.

[ringgo96]

every time there is bitcoin confiscated the US government is always liquidating and this has often been done, but this will not have a big impact on the value of bitcoin, and I believe koinbase has a close relationship with the US government so that they can make transactions in that market, and we hope this does not appear big with bitcoin users because the US government also has other problems with the crypto world and as if they want to obliterate the bitcoin market.

[retreat]

In a surprising and significant move in the cryptocurrency market, the United States government has transferred an impressive total of 9,825 Bitcoins that had previously been seized from Silk Road.

https://criptoinforme.com/bitcoin/el-gobierno-de-los-estados-unidos-movio-mas-de-9-800-btc-venta-a-la-vista/

It is not surprising that the US government will periodically liquidate the Bitcoin assets it confiscates in this case. And not only this, it seems that they will also liquidate enough of the Bitcoin assets they have confiscated in several cases to be able to pay compensation to related parties. However, as explained in several posts above, the US government liquidates these Bitcoin assets regularly to avoid a massive impact on the crypto market globally. So don't be surprised if the US government will return to liquidating Bitcoin assets in the future.

[savetheFORUM]

Hmm, maybe this was why Bitcoin is cheaper on Binance US two days ago? This is another price manipulation because I can't help but think why now? They have the chance to sell those Bitcoin when FTX madness was all over the place, or oh ye they will be selling lower, anyway I am not worried or anything, because it's just a few numbers of Bitcoin, this will also pass like nothing happened, I am just glad that Bitcoin can never be in control of any centralized authority, if it's the other way around it will be more serious than what we are seeing right now.

Well, I can't say anything about the manipulation part because they might have that in mind but I'm pretty sure that they have already decided that they will sell the coins seized in batches and they've also decided the months as far as I remember, so it definitely doesn't have anything to do with the current price because they are not investors who have bought them at a certain price and will wait for a specific price point to sell the coins to get more profits.

If they wanted to sell them at the highest, I'm pretty sure they know about the upcoming halving and they would also know that the market generally goes up during those times, so they could easily just hold them until then and then sold them for a much better price but it's not just about the money for them.

[Magic-Money]

That's not a surprise, any body can move Bitcoin from one place to another, as long you have access to the password or private key towards the assets. Because Bitcoin is a digital currency that is trading in difference cryptocurrency exchange platform with a high demand in the crypto market. And that is good information someone has to buy and hold, before the U.S  start regulate Bitcoin as a means of payment.