The "Fall for Cryptocurrency" is an online Bitcoin auction hosted by GSA Auctions, which is funded by the US government. The federal government of the United States is auctioning 4.94 Bitcoin tokens worth over $300,000, based on Bitcoin's current selling price of $63,925 per token. GSA Auctions is a service of the United States' General Service Administration (GSA), which is in charge of clearing excess assets held by the federal government.
This online auction will run from Tuesday, September 26 until Thursday, October 28. GSA Auctions announced the event on its region-specific Twitter accounts. GSA frequently sells Bitcoin tokens at a discount. According to a report by Bitcoin Magazine, GSA Auctions sold roughly ten Bitcoin tokens valued $520,000 in April for 6% less than the current price of $487,000. Buyers are also selling their personal information with the US government in terms of an intrusive Know-Your-Customer (KYC) process for a marginal discount,...
