Citi Examines Potential Impact of Silk Road Auction on Bitcoin Price
The financial corporation has examined the possible effects of the US government's auction of 29,656 bitcoins later today.
A single, undisclosed bidder has won all 30,000 Silk Road bitcoins, according to the US Marshals Service.
The price of bitcoin rose today as institutional investors sought to label the Silk Road auction as an industry success.
VC Tim Draper has been revealed as the winning bidder for all 29,656 bitcoins in the USMS auction.
45 registered bidders participated in the USMS event, with 63 bids received over the course of the auction.
A history of Silk Road and the US Marshals Service, for those curious to learn more about today's auction.