Uncle Sam’s dithering over the country’s impressive collection of bitcoins cost it about $31 million in paper losses this week.
After shutting down illegal online drug bazaar Silk Road in October,
the FBI found itself in possession of one of the largest collections of
the digital currency in the world — a stash of 144,336 bitcoins.
At the end of January, prosecutors vowed to cash out its stash — which was then worth a hefty $114 million.
The government feared there were rocky days ahead for the cyber currency.
This week, those fears came true.
Bitcoin values have fallen sharply and Uncle Sam is still holding onto its bits, The Post has learned.
Manhattan US Attorney Preet Bharara has yet to pull the trigger on the sale, a federal official confirmed.
Source : http://nypost.com/2014/02/14/feds-lose-31-million-on-bitcoin-stash/
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