Jessy Golden Finance

On the morning of January 9, as the market fell, all major currency media reported a piece of bad news, namely, "The U.S. Department of Justice approved the sale of 6.5 billion seized USD Darknet Silk Road Bitcoin This. As soon as the news came out, Bitcoin fell below 94,000 US dollars.

It rained all night, and people in the circle kept wailing. However, Golden Finance verified the news and found that the source of the news was first of all. Not high, the reporter didn’t look for it The official news from the U.S. Department of Justice is confirmed, and even if the news is true, judging from the past procedures for selling seized Bitcoins by the Department of Justice, it is basically impossible for the Department of Justice to sell them in the short term, that is, before Trump takes office. These Bitcoins, and Trump has promised that the United States will not sell any Bitcoins during his term as president.

To sum up, the U.S. Department of Justice will not actually sell coins at this stage. It will not bring selling pressure to the market.

There is only one source of news

According to the sources reported by major currency media, it can be found that the source of the news linked to it is a message published by X's personal blogger.

The subject of this account is a news media in the currency circle, but the media needs You have to pay to browse its website, and the membership fee is not low.

Based on the above information, Golden Finance reporter believes that the credibility of the media is not high, and its X account is not. The brief statement posted “The U.S. Department of Justice approves the sale of $6.5 billion in seized darknet Silk Road Bitcoins. "Without identifying specific sources, it cannot be confirmed.

Even if the news is true, the Department of Justice will not be able to sell the Bitcoins it holds in the short term

Golden Finance reviewed the previous process of selling the Bitcoins seized by the U.S. Department of Justice and found that even if This news is true, and the Department of Justice is basically unable to sell its Bitcoins before Trump takes office.

< p>Bitcoins seized by the U.S. Department of Justice are generally auctioned by the U.S. Marshals Service, rather than sold directly OTC or on exchanges. This is similar to how I use the judicial department to auction off assets such as houses and collections for profit and then turn them over to the national treasury. .

We take the 2020 Judicial Police Department auction process as an example. At that time, the auction was about 4040 Bitcoins, which were involved in various federal criminal, civil, and administrative cases.

At that time, the news of the Marshals Service’s auction of these Bitcoins was released on February 3, 2020, and it required potential bidders. Registration must be completed before February 12, and the auction will be held on February 18. According to the specific sales terms announced by the Judicial Police Department at the time, the winning bidder should. Ready in 2020 Will be purchased on February 19thBuy funds are wired to USMS, USMS will not transfer any Bitcoin until it has confirmed receipt of the buyer's purchase funds.

That is to say, it took more than half a month from the time the news was released to the actual auction, when the auctioneer actually got the Bitcoins and possibly sold them on the market.

At present, there are only 11 days left until Trump takes office. Golden Finance reporters found no news of any recent auctions of confiscated Bitcoins on the official website of the Marshals Service.

It can be seen that before Trump came to power, at least the U.S. Department of Justice would not actually sell the Bitcoins it confiscated from Silk Road.

To sum up, the "U.S. Department of Justice approved the sale of US$6.5 billion of seized darknet Silk Road Bitcoins" that was widely circulated this morning and affected the market is most likely false news.