This did not age very well for Germany Gov.
Bitcoin Today is almost at 70K. Germany sold its last $BTC BTC on July 12 at around 57K.
đ€Ą
Since July 12th bitcoin has been on an uptrend to reach + 69K.
LIVEBTCBULL24
--
Everyone is panicking over Germany's government selling their bitcoin holding. lets take a step back and do some math and see the actual impact.
The German government still holds around 46,359 BTC, valued at approximately $2.7 B.
To calculate the impact of $2.8 billion on $BTC current Market Cap @ 1.13 Trillion, we can use the following formula:
Impact Percentage = ($2.7B/ $1,13T) Ă 100 â 0.25%
The total impact is less than 1% !
CALMA CALMA
#Write2Earn!
The German government still holds around 46,359 BTC, valued at approximately $2.7 B.
To calculate the impact of $2.8 billion on $BTC current Market Cap @ 1.13 Trillion, we can use the following formula:
Impact Percentage = ($2.7B/ $1,13T) Ă 100 â 0.25%
The total impact is less than 1% !
CALMA CALMA
#Write2Earn!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
63âŻ810
+0.75%
Replies 2
Explore the latest crypto news
âĄïž Be a part of the latests discussions in crypto
đŹ Interact with your favorite creators
đ Enjoy content that interests you
Email / Phone number