• 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

a year 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

Risks and Considerations for Investing in LUNC

chest

Investors are advised to approach LUNC with caution due to its high-risk nature and the potential for significant volatility.

user avatarLucas Weissmann

Canton Network Raises $135 Million to Enhance Digital Asset Integration

chest

Canton Network has successfully raised $135 million in a funding round backed by major Wall Street players to enhance the integration of traditional finance with digital innovations.

user avatarEmily Carter

QTRDXcom Emerges as a Leading Trading Platform

chest

QTRDXcom is rapidly becoming a standout choice for traders who want a transparent, structured, and supportive trading environment.

user avatarKaterina Papadopoulou

Asian Companies Set to Launch Major Stock Offerings in 2026

chest

Companies from China and India are preparing to launch major stock offerings in 2026, driven by investor interest in Asian markets.

user avatarMaya Lundqvist

GriffinAI Launches Trend Mind Agent for Enhanced Market Intelligence

chest

GriffinAI has launched the Trend Mind Agent, a market intelligence tool for traders that analyzes over 2,000 tokens using real-time data and technical indicators.

user avatarLeo van der Veen

Monero Remains a Privacy Standard

chest

Monero is recognized for its strong privacy features and long-term legitimacy.

user avatarTenzin Dorje

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.