By Moving Around $2 Billion Worth of Bitcoin at a Cost of Just $1.48, the US Government Has Inadvertently Advertised the Cryptocurrency’s Efficiency

The US government may have inadvertently unleashed one of the biggest ad campaigns in favor of Bitcoin’s use case by moving a portion of its seized BTC stash at a phenomenally attractive cost point. For the benefit of those who might not be aware, before it was shut down by the Feds in 2013, Silk Road had become one of the largest dark web marketplaces in the world, selling contraband items like LSD, heroin, cocaine, and other illegal drugs, while hiding behind the relative anonymity offered by Bitcoin. The marketplace handled $214 million worth of illicit transactions in the three-year […]

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