US Loses $ 1.7 Billion in Bitcoin Auctions

The US government has greatly “cheapened” by selling the confiscated MTC at a lower price since 2014.

AuthoritiesThe United States confiscated 185,230 BTC in criminal investigations from 2014 to the present.

Assuming that US marshals held allBitcoin confiscated over the past six years, and sold it yesterday, when the price of BTC again reached $ 10,000, then the amount of profit would be $ 1.85 billion.

Instead, a rough estimate of each BTC put up for auction by US marshals averaged $ 818.

According to the Lopp portal, Bitcoin brought the United States about $ 151 million. This really means that the US government lost about $ 1.7 billion by refusing to hold on to cryptocurrency.

Similar Confiscated Cryptocurrency Auctionsheld in other countries. The United Kingdom at a September auction last year sold MTC for $ 8,365, receiving $ 369,000. The average market price was held at around $ 8,000.

But the best cryptocurrency auctions have mastered.government of Bulgaria. Last year, about 200,000 MTC were sold to several foundations and major Asian investors at a cost of $ 16,000 US dollars each, which is 20 times more profitable than selling the asset by the US government.