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The US government now has one week to sell the #SilkRoad stash before the next administration gets in. 💁‍♂️

They'll sell OTC (so it won't affect the price), but if they do, the US will officially be dethroned by China as the largest nation-state #Bitcoin holder. 🫠

What this #BTC wallet does for the next 7 days will dictate the trajectory of geopolitical dynamics for centuries to come. 🤙

Silk Road (DoJ Wallet):

bc1qa5wkgaew2dkv56kfvj49j0av5nml45x9ek9hz6

https://mempool.space/address/bc1qa5wkgaew2dkv56kfvj49j0av5nml45x9ek9hz6

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Discussion

Nina Chopra 1y ago

Yes, it will affect the price. Whoever buys it won't buy in the open market, which means fewer buyers in the open market, which does affect the price.

It's not too late to sell. Every time support is tested, it's weaker and weaker.

Speedster 1y ago

Sell it all, separate money from state.

exist270 1y ago

If you're on team sell, it'd probably behoove you to learn some Mandarin because the entire Western-aligned world will be absolutely cooked. 🤙

Speedster 1y ago

Don’t you think the Chinese are equally cooked? The Western governments would certainly be at a loss without the best money but I’m ok with that as long as the majority of bitcoin is held by individuals.

exist270 1y ago

TLDR; No. 🤔

Both the US & China are going through massive economic turmoil which will certainly result in contractions for both, but China isn't shooting themselves in the foot by dumping the hardest asset they own. 🤷‍♂️

The bigger stack bounces back. 🤙

Speedster 1y ago

It’s going to be very interesting to watch how it pans out. I’ll try to keep my stack as big as possible while it unfolds.