According to U.Today, Michael Saylor, cofounder and chairman of MicroStrategy, has recently addressed the cryptocurrency community with a Bitcoin-focused message. Saylor's statement, delivered in German, translates to, 'It is not an emergency until you run out of Bitcoin.' This message comes as the German government has completed its Bitcoin sales, which were tied to the movie2k case. On July 16, the German government announced the sale of 49,858 Bitcoin, classifying it as an 'emergency sale.' This background may have prompted Saylor's message specifically directed to Germans.
In January, the German government received nearly 50,000 Bitcoin from a suspect amid allegations of unauthorized use of copyrighted works and commercial money laundering. Bitcoin's price has been volatile in recent weeks due to speculation about these BTC sales and continued payouts to creditors of the bankrupt Japanese crypto exchange Mt. Gox. However, the crypto market appears to be stabilizing as fears caused by the German government sales have subsided. BTC briefly rose above $66,000 in yesterday's session, reaching highs of $66,139 following five consecutive days of gains. Bitcoin has subsequently dipped, down 0.66% in the last 24 hours to trade at $64,864 at press time.
