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The_Eagle100
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The_Eagle100
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Germany Already Sold over Half! At the start of 2024, Germany had 52,000 #Bitcoin in its possession. The holdings are now down to 23.8k $BTC (down from 39.8k BTC yesterday). 2 things i find very impressive: 1) It's incredible how resilient the $BTC price has been 2) The recovery starts now w BTC at 56K ETFs must be stacking hard to offset this selling
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Germans Selling - ETFs Buying Grayscale just had their fifth biggest day ever, taking in over $25 million! While the Germans are selling, the ETFs are buying BTC
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Potential French Tax Plan Potential proposed tax policy by France's leftist alliance, the New Popular Front, which intends to raise the top marginal income tax rate to 90% if they win the legislative elections. Eric Coquerel, a member of the far-left France Unbowed party, mentioned in a Cnews interview that the alliance would push for a 90% top marginal income tax rate. The 90% rate apply to taxable income over €411,683 ($440,213). Currently, the top income tax rate in France is 45% on income over €177,106. This is a scary amt of tax. Who would stay?
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Guess What .... Pressure Works - perhaps Germany's Bitcoin buyback appears to be true and is consistent with the recent activities reported by various crypto news sources. This sudden reversal in strategy has sparked renewed interest and speculation in the crypto community. It's important to note that the cryptocurrency market remains highly volatile, and government actions like these can have significant short-term impacts on prices and market sentiment. I gave praise to a Saxony Politician Joana Cotar in yesterday's discussions with foreign ambassadors and tweeted her again today - Perhaps Germany is making the right moves now.
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Bitcoin Miners Cost to Mine BTC Bitcoin prices are hovering very close to the average cost of production for miners There is a reason BTDR and CLSK are my two heaviest miner positions. CLSK just got heavier today
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