Although Donald Trump has won the presidential election, he will not assume office until January. Trump has indicated that he would refrain from selling the confiscated Bitcoins from the Silk Road and Bitfinex hack and has suggested potential plans to purchase Bitcoin.
However, the reliability of such pre-election statements remains uncertain, as campaign promises often do not materialize once the new administration takes office. This will become clearer after January.
In the interim, concerns persist regarding the current administration potentially opting to sell these assets, which could exert downward pressure on the market. Currently, the U.S.
Department of Justice holds approximately 208,000 Bitcoins, valued at nearly $16 billion. Market observers are hopeful that these holdings remain untouched until the new administration is in place to avoid any adverse impact on Bitcoin prices.
