I've been waiting for you, but not yet you
German MPs call on the government to stop selling Bitcoin, saying the move may affect the stability of the crypto market
German MP Joana Cotar strongly criticized the government's move to sell a large number of Bitcoins.
On-chain data shows that the German government recently transferred more than $195 million worth of Bitcoin to various crypto exchanges, a move that exacerbated market volatility. Critics believe that such a large-scale government sell-off could have a long-term negative impact on the stability of the crypto market. These Bitcoins originated from an investigation into illegal websites, when about 50,000 Bitcoins were seized.
The German government should reconsider this strategy and discuss with the United States the use of Bitcoin as a strategic reserve currency. She expressed her concerns to Saxony Governor, President Kretschmer, Finance Minister Lindel, and Prime Minister Scholz, urging them to reconsider this strategy and invite officials to attend the "National Bitcoin Strategy" lecture on October 17 to discuss how to use Bitcoin to enhance the national economy.
Although this news has certain benefits, the most important point is that digital currency is not up to you, Germany.
