Michael Saylor, a prominent Bitcoin maximalist, has advised the German government to hold onto its Bitcoin, saying "You do not sell your Bitcoin."

This comes after the government sold off its entire stash of 50,000 BTC, worth over $2 billion, which was seized from a pirate website earlier this year. The sale has flooded the market, potentially putting downward pressure on prices. Saylor's advice echoes his earlier message to the global Bitcoin community during a sell-off earlier this year. Despite the selling pressure, institutional investors have been buying the dip, with US exchange-traded funds (ETFs) seeing $300 million in inflows last week.

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