What to Know About Crypto Auctions and the Future of Bitcoin

Did you know that the U.S. government frequently holds auctions for crypto that it acquires in asset seizures? According to an article published by CNBC last August, the government had already seized more than $1.2 billion worth of crypto for the year so far.

In this segment of Backstage Pass, recorded on Dec. 20, Fool.com contributors Rachel Warren, Toby Bordelon, and Jason Hall discuss this phenomenon and a recent report on government crypto auctions by CNBC. Plus, they share their takes on what this news means for crypto investing on a broader scale. 

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Source Fool.com