• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Germany Urged to Halt Bitcoin Selling Spree

user avatar

by Giorgi Kostiuk

2 years ago


Joana Cotar, an independent member of the Bundestag, has called on the government to cease its Bitcoin selling activities. Cotar's message to key officials like Michael Kretschmer and Christian Lindner highlights the counterproductive nature of the current approach. She has extended an invitation to a lecture featuring Bitcoin advocate Samson Mow on October 17th. In her communication, Cotar emphasizes that Bitcoin presents a unique avenue for diversification, reducing risks associated with traditional asset concentrations. She asserts that Bitcoin's scarcity positions it as a hedge against inflation and currency devaluation. Additionally, Cotar underlines the potential of Bitcoin to spur innovation, economic independence, and technological advancement. Notably, in 2023, Cotar introduced a bill proposing Bitcoin's recognition as legal tender in Germany, following El Salvador's lead. Recent actions by the German government, as highlighted by reports, involved significant BTC sales, potentially impacting Bitcoin's performance negatively. The government's increased BTC holdings, stemming from past efforts against piracy, have contributed to selling pressure on Bitcoin. Recent reports indicate further BTC transfers by the German government to exchanges, adding to the downward pressure.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Arthur Hayes Predicts Bullish Bitcoin Market Amid Increased Defense Spending

chest

Arthur Hayes presents a bullish outlook for Bitcoin, predicting a price increase due to increased defense spending and fiscal deficits.

user avatarBayarjavkhlan Ganbaatar

Beijing Auto Show Unveils New Pricing Strategies for Electric Vehicles

chest

The Beijing Auto Show reveals significant price differences between Chinese and US electric vehicles, with Chinese models starting as low as $6,560.

user avatarMohamed Farouk

Crypto Analyst Predicts Potential 10% Move for Solana

chest

Crypto analyst Ali Martinez predicts a potential 10% price move for Solana based on a Symmetrical Triangle pattern in its hourly price chart.

user avatarElias Mukuru

Hoskinson Outlines Future Plans Amidst Iagon Dispute

chest

Charles Hoskinson outlines plans to enhance Cardano's decentralized infrastructure amidst the Iagon dispute, mentioning potential collaborations with Filecoin and Walrus.

user avatarDiego Alvarez

Charles Hoskinson Accuses Iagon Leadership of Crossing Red Lines

chest

Charles Hoskinson publicly criticizes Iagon leadership for targeting Midnight community members during a funding dispute.

user avatarKenji Takahashi

Solana Foundation Outlines Quantum Computing Preparedness Strategy

chest

The Solana Foundation outlines its strategy to prepare for potential quantum computing impacts on blockchain security.

user avatarMaria Fernandez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.