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Breaking News: FTX Recovery Trust Set To Disburse $1.6 Billion By Month-End, FTT Price Skyrockets

Australian Law Enforcement Nets 20x Gains From Seized Bitcoin

Tony "The Bull" Severino
Tony "The Bull" Severino
1 year ago
3 mins read
bitcoin australia seized

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Bitcoin is a wildly volatile asset, known for its massive price swings and for being the best performing asset of all-time. It’s made many early investors millionaires as a result.

It’s even helped law enforcement gain over 2000% returns on a large sum of BTC that was seized as part of a sting on an Australian arms dealer, according to a new report.

Law Enforcement Down Under Experience Huge Upside On Seized Bitcoin

Back in 2016, Australian authorities arrested a suspect in a sting involving an arms dealer. The weapons were bought and paid for using Bitcoin, resulting in the Bitcoin used in the transactions being seized as evidence.

Related Reading | Visualized: Bitcoin ROI Crushes Stock Market Returns 

At the time, long before the crypto hype bubble and the Bitcoin bull run heard round the world, the crypto asset was worth under $1,000. After years of a drawn-out ligation process, the suspect finally agreed to forfeit over any BTC involved to the Brisbane Criminal Assets Confiscation Taskforce.

When Australian authorities finally gained control over the seized BTC, it was November 2018, and Bitcoin’s price had grown significantly over the course of two years – reaching a peak of $20,000.

When law enforcement first began the litigation process, the seized crypto assets in total were worth roughly $5,000, but by the time they had received the cryptocurrency, the grand total value of all seized Bitcoin had ballooned to $105,000, resulting in a 2,000% gain for law enforcement.

This Is Why You HODL

The term HODL – often said to be an acronym for “hold on for deal life” – was coined as a way to remind crypto investors that when times get rough, and prices start falling, simply continuing to hold onto Bitcoin will typically result in a significant payoff.

The earliest investors in Bitcoin who held onto the young, untested technology (at the time) experienced gains that are unheard of in financial markets. Bitcoin as an asset at first was virtually worthless, and today it is traded $7,500 per BTC.

The above story highlights why simply holding Bitcoin in the long-term almost always results in significant gains. In just two years time, $5,000 worth of the cryptocurrency went on to do an over 20x return, and increased over $100,000 in value. Had law enforcement received the Bitcoin near the top of the crypto bubble, the same amount of BTC could have been worth close to a half a million dollars.

Even investors who bought the bear market bottom and sold the recent local top around $14,000, would have netted a 350% return on investment.

Related Reading | Tech Stocks, Gold, Oil, and S&P 500: Bitcoin ROI Beats Them All 

These examples show that its never a bad time to buy Bitcoin, and even if the price of the asset collapses shortly after a buy order is made, it has in the past always rebounded, and brought investors such substantial gains, no other asset has ever outperformed Bitcoin.

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Tony "The Bull" Severino
Tony "The Bull" Severino

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

Read more

Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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