German Member of Parliament and Bitcoin advocate Joana Cotar called for the government to stop flash Bitcoin sales. Cotar believes Bitcoin should be considered a strategic reserve currency to protect against economic instability. 😲🇩🇪💰

Cotar criticized the sale of Bitcoin in a manner that was neither "sensible" nor "efficient" and emphasized that Bitcoin could be a valuable asset for the country's treasury diversification. He also stated that Bitcoin can protect against inflation and currency depreciation. 🛡️💵

According to data from cryptocurrency intelligence platform Arkham, the German government sold 8,611 BTC in the last month. As a result of these sales, Germany now has 41,226 BTC worth approximately $2.28 billion. 📉📊

German government's Bitcoin sales and Mt. Gox payment also affects the cryptocurrency market. Mt. Gox is expected to pay $9 billion in compensation to the creditors of the bankrupt cryptocurrency exchange. This is linked to the recent decline in Bitcoin prices.

Bitcoin's value has fallen below $55,000, a level not seen since February. This is Mt. It follows news that Gox transferred 47,000 BTC worth approximately $2.7 billion to a new wallet before the payment.

What do you think about the German government's Bitcoin sales strategy? We are waiting your comments! 🗣️👇