According to BlockBeats, German lawmaker Joana Cotar has strongly criticized the government's decision to sell Bitcoin worth $195 million. She believes that this move could exacerbate market volatility and potentially have a long-term negative impact on the stability of the cryptocurrency market. The Bitcoins in question were obtained from the investigation of the illegal website Movie2k.to.
Cotar expressed on Twitter that the German government should reconsider this strategy. She suggested a comparison with the United States, where Bitcoin is considered as a strategic reserve currency. The lawmaker's criticism comes amid growing concerns about the potential impact of large-scale Bitcoin sales on the stability of the cryptocurrency market.
The decision to sell such a significant amount of Bitcoin has raised questions about the government's understanding and handling of digital assets. Cotar's comments reflect a growing sentiment among some lawmakers that cryptocurrencies should be treated with more caution and strategic foresight. The potential long-term effects of this sale on the market remain to be seen.