Post
Topic
Board Speculation
Topic OP
Ross Ulbricht 140k bitcoins potential auction and market crash in future.
by
lay785
on 26/06/2014, 03:44:32 UTC
So if 30k bitcoins from the current FBI auction of silk road coins has contributed to the bitcoin price crashing hard going down in value - if the FBI win their case and get to sell Ross Ulbricht's 140k bitcoin stash will the bitcoin price literally crash?

Thoughts people?

Anyone have any updates about Ross Ulbricht's case?

What are his prospects of success?

If his chances of success are slim then smart bitcoin traders should be aware that the market could potentially flash crash at any moment depending on the outcome/announcement by law enforcement. We now have a precedent that American law enforcement are eager to sell seized bitcoins and rake in the cash.