If You Invested $1,000 In Bitcoin When Silk Road Was Shut Down, Here’s How Much You’d Have Today

One of the most extensive underground marketplaces for illicit goods and untraceable transactions was launched in 2011. Silk Road used Bitcoin (CRYPTO: BTC) as one of its primary methods of payment, due to the anonymity of users. Here’s a look at how much Bitcoin has risen in value since Silk Road was shut down. What Happened: On Oct. 2, 2013, the FBI announced Silk Road had been shut down. During its operation, Silk Road generated over $1.2 billion in sales volume from Bitcoin transactions in the 18-month period leading up to its closure. Silk Road was used for activities that included fake p…