U.S. economist warns government is ‘getting ready’ to sell $4 billion Bitcoin
After the United States Supreme Court’s recent decision to allow the government to sell the 69,370 Bitcoin (BTC) seized from the infamous Silk Road marketplace, a renowned economist and one of Bitcoin’s most prominent critics has warned that this might happen very soon. Indeed, Silk Road was an anonymous online black market active from 2011 to 2013 launched by Ross Ulbricht, who is currently serving a life sentence for crimes including money laundering and distributing narcotics, and the authorities had seized Bitcoin as part of the investigation. Specifically, Peter Schiff recently stated that it seemed like the U.S. government was preparing to sell 69,370 Bitcoin worth about $4.3 billion considering the asset’s current price, referring to the move as “smart,” according to the economist’s X post published on October 9. Picks for you Bybit...