Caleb Watney, a technology policy associate at the libertarian think tank R Street Institute, said it might seem “a little hypocritical” on the government’s part to warn people against buying the cryptocurrency while auctioning them off, but “it doesn’t make sense for law enforcement to just sit on this,” he noted…

Regardless, don’t expect the auction to have a large effect on the bitcoin market generally, both Obie and Watney agreed. While there is a finite amount of bitcoin, 3,813 isn’t a huge chunk of the current 16.8 million in circulation.

Featured Publications