German lawmakers call on the government to stop selling Bitcoin, saying the move could affect the stability of the crypto market
Odaily2024/07/05 00:51
By:Odaily
Odaily News German MP Joana Cotar strongly criticized the governments move to sell large amounts of
Bitcoin. On-chain data shows that the German government recently transferred more than $195 million worth of Bitcoin to various
crypto exchanges, including Coinbase, Kraken and Bitstamp, a move that exacerbated market volatility. Critics believe that such a large-scale government sell-off could have a long-term negative impact on the stability of the
crypto market. These Bitcoins originated from an investigation into the illegal website Movie2k.to, when approximately 50,000 Bitcoins were seized. Cotar wrote on X that the German government should reconsider this strategy and discuss with the United States the use of Bitcoin as a strategic reserve currency in comparison. She expressed her concerns to Saxony Governor, President Michael Kretschmer, Finance Minister Christian Lindner and Chancellor Olaf Scholz, urging them to reconsider this strategy and invite officials to attend the National Bitcoin Strategy lecture on October 17 to discuss how to use Bitcoin to enhance the national economy. (CryptoSlate)
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
TIA breaks through $4.2, with a 24-hour increase of 23.7%
Cointime•2025/03/01 08:33
Malware hijacks crypto wallets by embedding code in fake open source projects on Github
Cointime•2025/03/01 08:33
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$85,241.19
+7.91%

Ethereum
ETH
$2,235.25
+5.99%

Tether USDt
USDT
$0.9996
+0.07%

XRP
XRP
$2.18
+8.67%

BNB
BNB
$595.91
+4.89%

Solana
SOL
$143.48
+10.43%

USDC
USDC
$0.9998
-0.01%

Dogecoin
DOGE
$0.2046
+10.47%

Cardano
ADA
$0.6447
+8.75%

TRON
TRX
$0.2359
+7.51%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now