Justin Sun: I will accept all the BTC from Germany! German MP: The strategic significance of btb should be considered

This site (120Btc.coM): The German government recently transferred more than $175 million worth of Bitcoin (BTC) to multiple cryptocurrency exchanges including Coinbase, Kraken and Bitstamp, resulting in national-level selling pressure Considered to be one of the reasons for the continued market decline, German Bundestag member Joana Cotar strongly criticized the decision, believing that it will have a long-term negative impact on the stability of the cryptocurrency market.

German MP: The strategic significance of BTC should be considered

In a series of tweets, Joana Cotar, a member of the German Bundestag, strongly condemned the government’s recent decision to sell Bitcoin on a large scale. She believes the move is counterproductive and contrasts it with the U.S.’s strategic perspective on Bitcoin.

Joana Cotar pointed out that in the United States, Bitcoin is regarded as a strategic reserve currency, and the German government’s selling behavior appears short-sighted. She expressed her concerns to Saxony's ministers, President Michael Kretschmer, Finance Minister Christian Lindner and Finance Chancellor Olaf Scholz, and urged them to reconsider the strategy.

It is understood that the Bitcoin sale in Germany originated from an investigation into the illegal movie streaming website Movie2k.to, during which approximately 50,000 Bitcoins were seized, which are currently worth more than 3 billion US dollars.

According to blockchain intelligence company Arkham, the German government has transferred 1,300 BTC (approximately US$76 million) to exchanges such as Kraken, Bitstamp and Coinbase in the past two days. They also transferred 1,700 BTC (approximately $99 million) to address 139Po. The funds may be transferred to institutional services or over-the-counter deposits, and the German government currently still holds 40,359 BTC in on-chain tagged addresses, with a total value of approximately $2.3 billion.

The German government holds about 2.3 billion US dollars in Bitcoin

Brother Sun is proud: I will accept all the BTC in Germany

At a time when the price of Bitcoin is falling and the German government is transferring millions of dollars worth of Bitcoin, Tron founder Justin Sun boldly announced on The impact of Bitcoin inflows into the market on price.

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