As the private digital currency Bitcoin rose to prominence, it could not escape having its reputation tied in with the now-shuttered-by-the-Feds darkwebsite Silk Road, which scared many people because it allowed peaceful and satisfying transactions involving mostly things that some government said you couldn’t do. (Substitutes for Silk Road already existed, and new ones have arisen since the takedown.)
So some thought that when Silk Road went down, Bitcoin would too. And it did, for little bit.
- Bitcoin Has Gone On An Insane Surge (businessinsider.com)
- Feds Cannot Seize Silk Road Founders $80 Million Worth of Bitcoins (gwopmagazine.com)