UK to Sell $7 Billion in Seized Bitcoin as BTC Hits New Highs

The United Kingdom’s Home Office is preparing to liquidate a massive stash of cryptocurrency, worth at least $7 billion in bitcoin. According to reports, most of the forfeited bitcoin was recovered from a historical criminal investigation in 2018, which included more than 61,000 BTC. This move by the UK government comes at a time when Bitcoin surged to new all-time highs above $123,000 last week. 

UK Home Office Prepares the Sale of Confiscated Bitcoin 

During a 2018 police action to take down a Chinese Ponzi Scheme, the officials seized at least…