They still have to follow the seizure process. So it will take a while. After which, I expect them to follow the same process of auctioning the BTC to the public, just like the first batch. Maybe sometime in 2021. That 70k BTC might be worth a lot more by then.
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That is a huge pile of money to be seized!
Oh wow, is that what happened?
It does sound promising for crypto's future.
!discovery 31
Yup, they finally tracked down the 70k BTC from Silk Road.
Should we expect a dump from the government anytime soon or will they hold on to it a bit longer?
They still have to follow the seizure process. So it will take a while. After which, I expect them to follow the same process of auctioning the BTC to the public, just like the first batch. Maybe sometime in 2021. That 70k BTC might be worth a lot more by then.
This post was shared and voted inside the discord by the curators team of discovery-it
Join our community! hive-193212
Discovery-it is also a Witness, vote for us here
Delegate to us for passive income. Check our 80% fee-back Program