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Experts have speculated on what effect the auction might ultimately have on the price of Bitcoin, and many echo Morehead's outlook. Jeremy Allaire, head of Circle Internet Financial, who happens to have participated in the auction, told the Wall Street Journal that it could cause a short-term dip in value.“The government is doing [the auction] in a very controlled manner; they're not flooding the market. They're creating an opportunity for institutional investors, which is a big deal,” he said.Announcement: The SecondMarket / Bitcoin Investment Trust bidding syndicate for the US Marshals bitcoin auction was outbid on all blocks
— Barry Silbert (@barrysilbert) June 30, 2014
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