đđCryptoQuant: Government Share in Bitcoin is Only 4 Percent, Sales Are Exaggerated! đđ
CryptoQuant CEO Ki Young Ju emphasized that only 4% of the $224 billion entering the market since 2023 came from Bitcoins confiscated by governments.
Ki Young Ju, CEO of on-chain data and analysis platform CryptoQuant, made important statements regarding the recent sales that have suppressed Bitcoin in his statement on Twitter on July 5.
Ju stated that governments' Bitcoin sales are exaggerated. According to Ju, only $9 billion of the $224 billion capital that has entered the crypto market since 2023 comes from Bitcoins confiscated by governments.
Ju emphasized that this amount, which constitutes 4% of the total capital entering the market, shows that governments' influence on Bitcoin is limited. Additionally, Ju stated:
âDon't let the government's creation of FUD (fear, uncertainty and doubt) destroy your transactions.â
Bitcoin and other cryptocurrencies are under pressure from the US and Germany, as well as Mt. It experienced sharp declines due to the influence of Gox.
Bitcoin is currently trading at $56,700.
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