Bitcoin prices are up more than 5% as it appears sales of the government’s Bitcoin stash produced some bullish results.
The auction was unlikely to have gone any other way, given that we are talking about a collection of wealthy Bitcoin bulls getting the chance to bid each-other up in a totally controlled environment. Still, assuming the nearly 30,000 coins the government was auctioning go for a premium, it will make for some good headlines.
Prices are now at $US632. Here’s the chart: