I can’t believe it! The Swedish government had to return over $1.5 million worth of BTC to a convicted drug dealer because the prosecutor failed to account for the huge appreciation in BTC price between when the ill-gotten coins were confiscated in 2019 and when they were auctioned by the state in 2021. This is a huge mistake and it’s unacceptable that the prosecutor failed to take into account the appreciation in BTC price. It’s a reminder of how volatile the cryptocurrency market can be and how important it is to stay up to date with the latest developments. What do you think about this situation?
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With my luck, if I got arrested, bitcoin would tank and I would owe more lmao
Imagine how shocked he was when he realized he was getting that much money back lol.
One of the first usecases Bitcoin was to buy stuff on the deep web. Other was to buy itens in WoW.
It will always amaze me that there is some lazy motherf*cker that all he did was play games and some w*ed and became rich with the dust he left in BTC.
That’s gotta hurt for the Swedish government. Having to return $1.5 million to the convicted drug dealer just because of some technicality.
You bet your ass this won’t ever happen in America.
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Prison hodl is the best hodling strategy
The Swedish government wanted to punish the drug dealer but rewarded him. BTC turns the world upside down.
Cointest topics relevant to the title are below:
[Bitcoin Pro](https://np.reddit.com/r/CointestOfficial/comments/100p7vq/top_coins_bitcoin_proarguments_january_2023/jb93s9t/)
[Bitcoin Con](https://np.reddit.com/r/CointestOfficial/comments/100p7u8/top_coins_bitcoin_conarguments_january_2023/jefdb58/)
Swedish government read on this sub “Judt Hodl,” and that’s what they did.
Swedish government read on this sub “Judt Hodl,” and that’s what they did.
This happened when fiat is the standard
The Swedish government actually has common sense than most.
That must have made him very happy! 🚀
**TLDR;**
The prosecutor tried to short Bitcoin. It went wrong
Hahah nice move!
Next time it’s my turn to make a legacy post
Swedish Gov 0 Convicted Drug Dealer 1
They made sure that he could not sell and helped him maximise his drug dealing profits. How wholesome.
Lol they learned a lesson in crypto volatility
1 BTC = 1BTC is what they learned
This is similar to the Mt. Gox situation but backwards – Mt. Gox wants to pay back based on the actual $ at the time they were lost, whereas users are saying, no, I want the bitcoins!
Jail is the best place to HODL