Bitcoin magazine CEO David Bailey has estimated that the US Justice Department may rapidly operate the Silk Road BTC liquidation.
In the post on 10 March 10 on X, Bailey suggested that the silk road may be relieved despite the Bitcoin stance of US President Donald Trump, probably contributing to the recent recession in the BTC price. Belly’s claim discussed within the Cryptocurrency community.
Some users have dismissed the notion that DOJ holdings, like the sale of 2024 bitcoins in Germany, have sufficient amount of decrease to make sufficient impact on the market. Others pointed to broad macroeconomic factors as more impact on the price of bitcoin.
Bailey has also done before suggested Trump should enable bitcoin payment for its proposed “gold card” aimed at attracting foreign investors. Although completely theoretical, this concept reflects global capital flow, politics and increasing convergence of bitcoin.
At the same time, some experts have sold other assets seized by the US government to other assets seized to complete Trump’s strategic bitcoin reserve.
As of March 10, the federal government organized 60,850 Etharium (ETH), about 125 million dollars, 122 million tiths (USDTs), and other assets such as Binense Coin (BNB) and wrapped bitcoin (WBTC). data From Arkham Intelligence. Supporters of the idea have stated that these holdings have an additional 5,000 BTC ability if they are liquid.
Meanwhile, the analysis of the macroeconomic landscape of real vision analyst Jamie Cats showed that the price trends of bitcoin are aligned with the volatility of corporate bond spreads and treasury bonds. Risk property like bitcoin to spread bonds may be under excess pressure, he warned, he warned.
But he remained optimistic, with the growing nation-state bitcoin holdings, possible ETF inflow, and factors of the possibility that Michael Sayler’s microstrati will buy up to 200,000 BTC this year.
As the market continues to respond to the uncertainties around Trump’s economic policies, the price of bitcoin increased to $ 80,052 on 10 March. 7% reduction compared to the previous day. Traders are now looking forward to major economic reports, including the Consumer Price Index on March 1 and the manufacturer price index on Mar.13, which can affect the next step of bitcoin.
