Happycoin.club - Justin Sun said he is ready to immediately begin negotiations with the German government to buy back the remaining $2.4 billion worth of bitcoins on the over-the-counter market.

As Sun stated, he wants to minimize the impact of sales of bitcoins by the German authorities on the cost of the first cryptocurrency. Let us remind you that according to Arkham, San’s publicly known personal wallets contain at least $1.4 billion worth of cryptocurrencies.

The crypto entrepreneur also has stakes in crypto companies, has several NFTs from well-known collections, and shares in companies. Justin Sun's decision could be very useful, given that the Bitcoin price has fallen below $58,000, and a number of experts suggest that the price of BTC could drop to $50,000.

But will Sun's initiative help contain the bearish trend? Even if we assume that the German government agrees to negotiations, it will take precious time. Surely Tron's founder understands this.

In fact, statistics show that any large sales were successfully absorbed by the market, after which the BTC price recovered. Even potential payments from Mt.Gox will not bring down the rate of the main cryptocurrency, so this loud statement by Sun is his usual PR move.