Buy Bitcoin from the U.S. Government

Ned Piplovic


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.

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.

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  Back into This Software Giant -- Booking 52% Gains in Semiconductor Play

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.

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

previous article

While fully autonomous transportation seemed like it belonged only in science fiction or the distant future not so long ago, General Motors (GM) plans to make it reality as early as next year. According to Reuters, GM announced that it is currently engaged in final the stages of regulatory approval. Pending government approval, GM intends to release its


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


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


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


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


Hilary Kramer

Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers:

Product Details


Used by financial advisors and individual investors all over the world, 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.