🚨🇩🇪 GERMAN GOV'T URGED TO STOP CRASHING THE MARKET & SELLING BITCOIN 🇩🇪🚨

📉 Bundestag member Joana Cotar strongly criticized the German government’s recent decision to sell a substantial portion of its Bitcoin holdings.

💰 The German government recently moved over $195 million worth of Bitcoin to various crypto exchanges, including Coinbase, Kraken, and Bitstamp. This move has contributed to increased market volatility, with Bitcoin prices experiencing notable fluctuations. Critics argue that such large-scale liquidations by the government could have long-term negative impacts on the crypto market’s stability.

🔍 The sales stem from assets seized during a high-profile investigation into the illegal movie streaming site Movie2k.to, which resulted in the confiscation of approximately 50,000 BTC, now valued at over $3 billion. Critics argue that the government’s large-scale liquidations could have long-term negative impacts on Bitcoin’s value and stability.

⚠️ COUNTERPRODUCTIVE APPROACH ⚠️

💬 In a series of tweets, Cotar condemned the government’s move, contrasting it with discussions in the US, where Bitcoin is being considered as a strategic reserve currency. She addressed her concerns to Saxony’s Minister, President Michael Kretschmer, Finance Minister Christian Lindner, and Chancellor Olaf Scholz, urging them to rethink the strategy.

📚 She emphasized the counterproductive nature of this approach and invited the officials to attend an upcoming lecture event titled “Bitcoin Strategies for Nation States” on Oct. 17. The event will feature Samson Mow, CEO of JAN3 and a prominent Bitcoin strategist. The discussion will focus on how political decision-makers can leverage Bitcoin to bolster their national economies. Mow is expected to provide insights into the potential benefits of holding Bitcoin as part of national financial strategies.

What do you think about this bold move?

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#btc #germany #bitcoincrash #bitcoinprice #bitcoin
$BTC $SHIB

All Good and green until the selloff start again keep an eye on your trades. don't forget stop loss and take profit .don't be greedy be wise #pepe #btc #eth #germany #mt.gox #binance

#Bitcoin on the Move: $1.08B Transferred by Top Entities in Last 16 Days 🔥

Since June 19, the German Government, the US Government, and #MtGox have transferred a total of 17,788 $BTC ($1.08B). 

🔹 The German Government has transferred Bitcoin every day since July 1. All Three currently hold 396,210 BTC (~$23B).
🔹 German Government: 41,226 BTC ($2.28B)
🔹 U.S. Government: 213,297 BTC ($11.72B)
🔹 Mt. Gox: 141,687 #BTC ($7.78B)

Stay tuned for more updates 🔔

$BTC $ETH $FET #usgovernment #germany

German MP Joana Cotar Calls for Halt on Bitcoin Sales Amid Market Turmoil

- Recent Events:
- Market Volatility: Bitcoin's price dropped to $54,000 due to significant sales by the German government and repayments related to the Mt. Gox bankruptcy, causing market instability and millions in liquidations.Government Action: The German government's sales have been a key factor in this market turbulence.

Proposal by Joana Cotar:
- Strategic Reserve Currency: Cotar suggests Germany should retain its Bitcoin holdings as a strategic reserve to hedge against inflation and economic uncertainty, similar to gold.Economic and Technological Benefits:Economic Stability: Diversifying reserve assets with Bitcoin could stabilize Germany's economic position.Technological Leadership: Embracing Bitcoin could position Germany as a leader in digital currency innovation, boosting the blockchain and fintech sectors.

Current Stance:
- Regulatory Caution: Historically, Germany has been cautious about cryptocurrencies, focusing on regulation to mitigate risks.Shift in Approach: Cotar’s proposal marks a significant departure from this cautious approach, advocating for proactive engagement with digital assets.

- Implications:
If adopted, Cotar's proposal could signal a major shift in Germany’s economic strategy and potentially influence other nations to consider similar measures.
This summary encapsulates Cotar's call to stop Bitcoin sales, the market impact of current policies, and the potential benefits of retaining Bitcoin as a reserve currency.

#bitcoin
#cryptocurrency
#germany

What you see in Media is Germany Government selling Bitcoin

What actually happened is JaneStreet x BlackRock and other big boys in CME shorting Bitcoin
#germany #BlackRocks #MtGoxJulyRepayments

From a valuation perspective, Bitcoin has reached a level where it is either at a bottom or due for a major correction, similar to what occurred in the summer of 2021.

#bitcoin #usgovernment #germany #Binance

India, Brazil, U.S. and Germany are leading the world in new Bitcoin user growth...!!🔥💫

#india #us #germany #brazil #cryptoonindia

🇱🇺 In Luxembourg, bitcoin held for over a year will be taxed at 48.78%!!🤯

🇩🇪 In their neighboring Germany, bitcoin held for over a year is taxed at 0%!!😃

#luxumbourg #germany #bitcoin #taxes #cryptoonindia

🇩🇪 German conservative party AfD advertises Bitcoin!! 🔥💫

#germany #afdparty #promoting #bitcoin #cryptoonindia

NEW: 🇩🇪 German CPI is literally off the charts.

#germany #cpi #BTC #crypto2023 #Binance p

Germany's 2nd largest stock exchange approved to offer #bitcoin   and crypto custody 🇩🇪

#germany #crypto2023 #Binance #BNB

22% of German cryptocurrency investors think digital currencies could help them get rich overnight.

According to a KuCoin research, 49% of German crypto investors believe digital currencies could help them achieve long-term wealth accumulation plans.

Every fourth thinks the asset class could serve as a store of value amid the current economic turbulence.

Most German crypto investors fall in the Generation Y demographic group, also known as Millennials (those born between the 1980s and the late 1990s).

#germany #bitcoin #holders #longterm #cryptoonindia

🇩🇪 Why is Germany One of the Most Crypto-Friendly Countries? 🚀💹

Germany has emerged as a leading advocate and supporter of cryptocurrencies, but what makes this country stand out in the realm of digital currencies? 

1️⃣ Regulatory Clarity: Germany has established comprehensive regulations for cryptocurrencies, recognizing them as financial instruments. 

2️⃣ Crypto-Asset Classification: Germany recognizes cryptocurrencies as private money, allowing individuals and businesses to utilize digital currencies for various transactions. 

3️⃣  Crypto-Friendly Banking: German banks have shown a progressive attitude towards cryptocurrencies, offering dedicated services tailored to the needs of crypto businesses and investors.

#germany #cryptostorybank #crypto #BTC #regulations

Crypto goes mainstream in Germany! Over 1,200 banks can now offer Bitcoin trading to their retail customers...!!🔥

#germany #cryptoregulation #bitcoin #bullmarket #cryptoonindia

Germany’s largest bank has applied for regulatory permission to operate a custody service for cryptocurrencies. 

Deutsche Bank filed its application to BaFin, the country’s financial regulator.

Bitcoin dominance is on the rise on the back of increasing usage from banking institutions filing for crypto custody solutions or ETFs. 

Deutsche Bank AG, Germany’s largest bank, has applied for a license to offer crypto custody services, the bank told FXStreet, in a strategic bet for digital assets despite the current regulatory crackdown in the United States.

#germany #bitcoin #Binance #crypto2023 #cryptoonindia

German Government’s Bitcoin Holdings Rise to $3B+ Despite Selling 3K BTC
According to Ki Young Ju, Founder & CEO of CryptoQuant, the German government seized 50,000 Bitcoin, selling approximately 3,000 BTC. Notably, the recent surge in Bitcoin prices has led to a $1.1 billion unrealized profit, pushing the value of Germany’s remaining Bitcoin holdings to $3.24 billion. The chart by the CryptoQuant founder dubbed “BTC Unrealized Profit: German Government (BKA)” shows a correlation between Bitcoin’s price and the unrealized profit of the German government’s holdings. As Bitcoin’s price increases, so does the unrealized profit, particularly evident from January 2024 onwards. It is important to note that Germany’s Bitcoin holdings are now the fourth-largest among various governments, holding 50,000 BTC. This amount places Germany behind the United States, China, and the United Kingdom in terms of total Bitcoin holdings.
Comparatively, the United States holds the largest amount with 213,246 BTC, valued at $13.7 billion, followed by China with 190,000 BTC at $12.2 billion. The United Kingdom holds 61,000 BTC, valued at $3.9 billion. Germany’s supply ratio of 0.253% reflects its influence in the Bitcoin market, despite being smaller than the top holders.
Specifically, Ki Young Ju’s post highlights that China likely sold a significant portion of the seized Bitcoins in 2019, as PlusToken holdings were transferred to Chinese exchanges. However, the Chinese government has not officially confirmed these actions.
#germany #german #BinanceTournament #Megadrop