What $1,000 in Bitcoin from Trudeau’s ‘freedom convoy’ freeze is now worth
Justin Trudeau announced his resignation as Canada’s Prime Minister, nearly three years after what is known as the “Freedom Convoy.” At that time, the Canadian national police ordered the freeze of millions of dollars worth of Bitcoin (BTC). On February 14, 2022, Justin Trudeau invoked the Emergency Act, facing the “Freedom Convoy” protests related to the COVID-19 pandemic. On February 16, 2022 Royal Canadian Mounted Police (RCMP) ordering all FINTRAC-regulated organizations in Canada to stop interacting with 34 Bitcoin wallets the world used to donate BTC to the protesting truckers. As Finbold reported later that year, these wallets received approximately 20 BTC, then worth between $877,760 and $891,480. This is an estimated valuation considering Bitcoin’s opening and closing price on February 16, ranging from $43,888 to $44,574 per BTC. Picks for you ...