The US government plans to auction off 29,656 bitcoins later today and many analysts and financial institutions have weighed in on what increasingly becoming a major event in the eyes of the mainstream media.
Now Citi, the New York-based financial services giant, has made its opinions known too, examining the impact of the impending sale in a note sent out late yesterday penned by research analyst Steven Englander.
The bitcoins to be auctioned were seized by the US Marshals Service (USMS) following the shutdown of online drugs bazaar Silk Road. The USMS told CoinDesk that it is not certain whether it will issue information about the winning bidders for the funds.
However, a list of potential bidders was leaked last week, which included some big industry names, such as SecondMarket, Pantera Capital and Binary Financial.