Buy Bitcoin from the U.S. Government

Ned Piplovic

Bitcoin

South Korea’s government announced that it plans to ban the trading of cryptocurrencies, such as Bitcoin,  and other governments have not been very supportive of cryptocurrencies either.

Advertisement.

However, the U.S. government announced that it will sell Bitcoin to the public. However, you should not get your hopes up that the U.S. government is embracing the innovative technology.

This is just a single event where the U.S. Marshals Service periodically auctions off Bitcoins seized by federal agencies during criminal, civil and administrative assets forfeitures. This auction will occur on January 22, 2018, and all parties interested in bidding for a portion of the funds must register between January 11 and January 19, 2018. The U.S. Marshals Service has 3,816 Bitcoins available, which will be sold in blocks of 100, 500 and 813 Bitcoins.

One interesting aspect is that the U.S. Marshals Service will be earning significant profit on some of these transactions. In one 2016 case, the Drug Enforcement Agency (DEA) confiscated Bitcoins from a person that had an estimated value of $500,000 at the time. At Bitcoin’s peak price in December 2017, those Bitcoins were worth more than $8 million.

Advertisement.

Bitcoin lost about 30% since its peak price of almost $20,000 on December 17, 2017, and traded around $13,500 as of 2:30 p.m. on January 12, 2018. However even at that price, the Bitcoins confiscated in just this one case are still worth almost $5.5 million, more than 10 times its value at the time of confiscation approximately 18 months ago.

Exclusive  Day Trading Strategies Include Fibonacci Numbers

Despite the 30% loss in the past month, Bitcoin is 460% higher than it was six months ago and more than 1,500 higher than it was one year ago.

share on:

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE


img
share on:

PREMIUM SERVICES FOR INVESTORS

Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

  • Forecasts & Strategies
  • Home Run Trader
  • Fast Money Alert
  • Five Star Trader
  • TNT Trader
LEARN MORE HERE

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

  • Cash Machine
  • Premium Income PRO (exclusively for subscribers of Cash Machine)
  • Quick Income Trader
  • Breakout Options Alert
  • Hi-Tech Trader
LEARN MORE HERE

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

  • Successful Investing
  • High Velocity Options
  • Intelligence Report
  • Bullseye Stock Trader
  • Eagle Eye Opener
LEARN MORE HERE

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

  • Retirement Watch
  • Retirement Watch Spotlight Series
  • Lifetime Retirement Protection Program
LEARN MORE HERE

Jon Johnson

Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:

Product Details

  • Investment House Daily
  • Stock of the Week
  • Technical Traders Alert
  • Rapid Profits Stock Trader
LEARN MORE HERE

DividendInvestor.com

Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

  • Dividend Investor
LEARN MORE HERE

George Gilder

George Gilder is the most knowledgeable man in America when it comes to the future of technology and its impact on our lives.  He’s an established investor, bestselling author, and economist with an uncanny ability to foresee how new breakthroughs will play out, years in advance.

Product Details

  • Technology Report
  • Technology Report PRO
  • Moonshots
  • Private Reserve
  • Millionaire Circle
LEARN MORE HERE

DayTradeSPY

DayTradeSPY was founded by head trader Hugh Grossman, a retired internal auditor for a Fortune 500 company. After years of first-hand experience trying out one trading strategy after another, Hugh instead developed his own trading system centered around day trading SPY options. That’s it... Nothing else.

Product Details

  • Trading Room
  • Pick of the Day
  • Inner Circle
  • Online Workshops
LEARN MORE HERE