Arkham

Billion

<p>Germany still holds 39,826 bitcoins, valued at $2.2 billion, despite recent sales that have shaken the market. This reserve, representing a significant part of the daily bitcoin trading volume, raises the specter of further turbulence.</p>
<h2 id="h-the-controversial-management-of-seized-bitcoins">The controversial management of seized bitcoins</h2>
<p>Since mid-June, the <a href="https://www.cointribune.com/en/germany-continues-to-dump-bitcoin-will-the-market-hold/" target="_blank" rel="noopener noreferrer nofollow">German government</a> has liquidated more than 10,000 bitcoins, the result of a judicial seizure from the operators of the Movie2k.to site. This operation has had significant repercussions on the market, leading to a nearly 20% drop in the price of bitcoin within just a month.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>The impact was felt beyond bitcoin: the CoinDesk 20 index, a broader measure of the crypto market, recorded a 14% drop in one week.&nbsp;</p>
<p>Despite these massive sales, Germany still holds a substantial portfolio. According to <a href="https://www.coindesk.com/markets/2024/07/08/germany-sill-holds-22b-worth-of-bitcoin-blockchain-data-show/?utm_medium=referral&amp;utm_source=rss&amp;utm_campaign=headlines" target="_blank" rel="noopener noreferrer nofollow">data</a> from Arkham Intelligence, the country still holds 39,826 bitcoins, valued at $2.2 billion.</p>
<p>This liquidation strategy has provoked mixed reactions within the crypto community. <a href="https://www.cointribune.com/en/justin-sun-is-he-the-superhero-savior-of-bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Justin Sun</a>, founder of Tron, proposed an alternative solution by suggesting the acquisition of bitcoins off-market, in order to limit downward pressure.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://bitvavo.com/fr/affiliate/coinmedia?a=_cta" target="_blank" rel="noopener noreferrer nofollow">€20 bonus for registering on Bitvavo</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<h2 id="h-a-debate-on-the-future-of-cryptos-in-germany">A debate on the future of cryptos in Germany</h2>
<p>The management of this bitcoin reserve raises fundamental questions about Germany’s strategy regarding cryptos. Experts, notably from Blockware Intelligence, describe the massive liquidation of bitcoins as a “major strategic error.”&nbsp;</p>
<p>Their main argument is based on the idea that a nation should prioritize holding rare digital assets, rather than converting them into fiat currency.</p>
<p>This position finds an echo within the German government itself. <a href="https://www.cointribune.com/en/bitcoin-a-german-parliamentarian-opposes-the-sale-of-btc-by-the-government/" target="_blank" rel="noopener noreferrer nofollow">Joana Cotar</a>, a prominent member of the Bundestag, has strongly criticized this approach. According to her, these sales risk compromising Germany’s geopolitical position in the long term. She advocates instead for keeping these bitcoins as a national strategic reserve, highlighting their future potential.</p>
<p>The impact of the German decision could extend beyond its borders, significantly influencing investor sentiment on a global scale.&nbsp;</p>
<p>Furthermore, the remaining reserve of 39,826 BTC continues to exert considerable pressure on the market. Representing nearly 9% of the daily bitcoin trading volume, it poses a potential threat to prices, fueling uncertainty about the future of the <a href="https://www.cointribune.com/en/panic-in-the-crypto-market-bitcoin-and-ethereum-are-collapsing/" target="_blank" rel="noopener noreferrer nofollow">crypto market</a>.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="2">
 </div>
</div>

Germany Still Holds $2.2 Billion in Bitcoin: A Persistent Threat?

目录

Cointribune EN

发布于 2024年7月8日的其他文章

Mt. Gox takes Bitcoin, BCH near 2024 lows: Still ‘HODL,’ say analysts

Boston University researchers develop AI model to predict Alzheimer’s 6 years early

Whale Transfers 1.1 Million Pendle Tokens

Do Kwon Exposed: Crypto Influencer Reveals Shocking Details of Terra Luna Fraud

Vitalik Buterin Transfers 100ETH To A Multisig Contract

Bitcoin Dead Cat Bounce? BTC Reclaims $57,000 But Analyst Not Convinced

订阅我们免费的电子期刊，获取每日最新加密领域动态！