German Government Commented on Bitcoin Sales! BTC Price Is Unimportant To Us…

German Government Officials sold all $BTC in #Bitcoin wallets on Friday and recently made these sales official. According to a shared press release, an “emergency sale” of approximately 50,000 Bitcoins has been completed, bringing institutions “unprecedented” funding ($2.88 billion or 2.639 billion euros).

These BTCs were seized in January as part of an investigation into German and Polish nationals accused of operating hacking websites and money laundering.

German Government Officials said in a statement that Bitcoin price and market conditions were “unimportant” in the decision to sell BTC.

Officials stated that waiting for the Bitcoin price to rise was prohibited, and the main goal was to complete the sale “as quickly as possible” regardless of BTC price movements. said

On the day the German Government's BTC sales started, Bitcoin was traded at approximately $65,000, but with seller pressure and fear, it dropped to $53,500 on July 5.

Bitcoin (BTC), the leading cryptocurrency, which recovered quickly as this seller pressure ended and fear dissipated, is currently trading at 65 thousand dollars.