Germany Continues Significant Bitcoin Transfers, Moves $40 Million in BTC
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The German government has been transferring significant amounts of Bitcoin (BTC), continuing a trend that started last month. Recently, they moved another 700 BTC, worth $40.47 million, to the '139PoP' address. This transfer may indicate an intention to sell these assets, although some critics argue for a more strategic approach. For instance, Joana Cotar, a member of the Bundestag, believes that Bitcoin can serve as a hedge against inflation and add diversity to state assets. Additionally, TRON founder Justin Sun offered to purchase the German government's BTC holdings to reduce market impact. Despite these large transfers, experts like CryptoQuant CEO Ki Young Ju argue that government sales have minimal impact on BTC prices, accounting for only 4% of the total cumulative realized value since 2023.
Bron: beincrypto.com ↗
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