Back in April we wrote about the Bitcoin the FBI confiscated from Silk Road:
Today, the wallet is virtually empty:
The FBI auctioned the Bitcoin off to the highest bidder(s). The day before, the media was in a frenzy about how it would create so much volume in one day, that the price of Bitcoin would tumble. Looking at the price today, it’s up 5% since the auction.
The more important thing is that the FBI, and US Government, has now admitted that Bitcoin is a real currency, or means of exchange.
Imagine if they took other contraband and sold it when they were done. Two tons of marijuana, or 100 liters of meth. They can’t, because those items are illegal, and have no legitimacy in the US economy.
Apparently Bitcoin is legitimate. Thank you FBI.