Bitcoin News: Ross Ulbricht Reportedly Still Holds $44 Million in Bitcoin

Ross Ulbricht, the founder of the infamous dark web marketplace Silk Road, reportedly still possesses $44 million worth of Bitcoin. According to on-chain investigator Conor Grogan, Ulbricht's untouched Bitcoin holdings, amounting to 430 BTC, are spread across dozens of wallets that were not seized by the US government. These wallets, likely considered 'dust wallets' at the time, have remained dormant for over 13 years, coinciding with Ulbricht's incarceration. This revelation highlights the enduring value of Bitcoin and its potential to preserve wealth over extended periods, even under extraordinary circumstances.

Ross Ulbricht Reportedly Still Holds $44 Million In Bitcoin

On-chain sleuth Conor Grogan revealed that Ross Ulbricht, the founder of the dark web marketplace Silk Road, still holds $44 million in Bitcoin. Grogan found 430 BTC across dozens of wallets associated with Ulbricht that were not confiscated by the US government and have been untouched for over 13 years, the period in which Ulbricht was in jail. These wallets were probably dust wallets back then, which could have accumulated significant value over time.

Trump Creates Digital Asset Stockpile By Executive Order

President Trump has signed an executive order to create a digital asset stockpile, potentially bypassing congressional scrutiny. This move aligns with the growing support for a US Bitcoin Reserve across various states and Congress. Additionally, Trump established a 'Cryptocurrency Working Group' to advise government agencies on developing a comprehensive digital framework. The group's role and impact remain unclear, but it may overlap with the newly appointed Senate Banking Subcommittee on Digital Assets, chaired by Cynthia Lummis.

Bitcoin miners pivot to meet AI infrastructure demand

The surge in demand for AI infrastructure, driven by projects like Stargate, is leading to a transformation among Bitcoin miners. As the US prepares to invest over $1 trillion in data centers over the next few years, Bitcoin miners are adapting to capitalize on the growing need for computational power and energy resources. This shift highlights the intersection of cryptocurrency and AI, as miners explore new opportunities in the rapidly evolving tech landscape.

President Trump Signs Executive Order for National Bitcoin Strategic Reserve

On January 23rd, 2025, President Donald Trump signed an executive order to establish a national Bitcoin strategic reserve, fulfilling a promise made to the cryptocurrency industry. This move is seen as a significant step in bolstering the United States' position in the global digital asset market, potentially averting a crypto cold war with nations like China and Russia. The signing ceremony was attended by the White House Crypto Czar, David Sacks, who played a pivotal role in the initiative. President Trump emphasized the importance of the digital asset industry in driving innovation, economic development, and maintaining international leadership.

Bitcoin Price Likely To Fluctuate Between $100,000 And $110,000 Until FOMC Meeting, Says Analyst

After a flash crash to $89,256 earlier this month, Bitcoin (BTC) made a swift recovery, reaching a new all-time high (ATH) of $108,786 on January 20. However, according to a crypto analyst, further upside could be limited until the Federal Open market Committee (FOMC) meeting later this month. The world’s largest cryptocurrency has been on a bullish trajectory since November, fueled by Donald Trump’s victory in the US presidential election. Over the past three months, BTC has surged from approximately $67,000 to $104,536 at the time of writing, posting gains of over 50%. However, crypto analyst Krillin predicts that BTC may continue to 'chop' in the $100,000 to $110,000 range until the FOMC meeting.