Experts call on the US government to take Bitcoin down the Silk Road soon.

Experts believe that the US Marshals Service (USMS) plans to sell all remaining Silk Road Bitcoin (BTC) after transferring the seized funds to a new address.

As the agency responsible for managing seized assets, the USMS — effectively representing the U.S. government — may be acting under political influence.

US Marshals Service May Sell Silk Road Bitcoin

Financial lawyer Scott Johnson believes the US Marshals Service is “definitely” selling Silk Road bitcoins. This assumption is generated after the transfer of BTC from the series to the custodian address, as described in the service agreement between USMS and Coinbase in June.

Johnson said the USMS assets must remain completely separate under the agreement. The movement of these funds is consistent with its terms, further fueling speculation that the government intends to destroy the recently held Bitcoin.

“Ultimately, whenever a transfer is made to Coinbase Prime (or another integrated exchange address), you can be sure that USMS has already been sold or will soon be sold,” Johnson shared.

Read more: How to buy Bitcoin (BTC) and everything you need to know

Johnson believes USMS will disclose the sale at a time of its choosing, possibly in the DOJ's FY2024 report. He looked at the political angle, saying that transactions had accelerated since Trump's Bitcoin 2024 conference in Nashville.

Among Trump's key points are the creation of a “strategic bitcoin reserve” and an end to government-owned BTC sales. Many believe Trump's chances would have been better if he had kept his intentions a secret until he took office.

It will be my administration's policy to keep 100% of the bitcoins the US government currently holds or acquires. This serves as an integral part of the Strategic National Bitcoin Stockpile…it has been taken from you,” Trump said.

Read more: Crypto Regulation: What are the Pros and Cons?

Some crypto activists are optimistic about the potential of the Trump administration. Others, like former Goldman Sachs executive Raoul Pal, are concerned about government-held bitcoin reserves.

Speaking with SkyBridge Capital founder Anthony Scaramucci, Pal highlighted a history of abuse of government power, which casts doubt on what this reserve means for Bitcoin. Critics argue that centralized control could conflict with the decentralized principles on which Bitcoin was built. They worry that this move could damage the initial impression of encryption.

“Yes, it's good for the crypto market because there is another buyer. But, also, Bitcoin was created to replace government control over money, and now you are one of the buyers of private money, bringing the government in. I don't like that… If the government can use it, they can put it on the market. They can buy more, and before you know it, they're using it as interest to control regular money, and we don't want that,” Pal said.