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.
Germany Urged to Halt Bitcoin Selling Spree

by Giorgi Kostiuk
a year ago

Other news
Spotify Unveils AI-Controlled Playlists for Enhanced Curation

Spotify announces the launch of AI-controlled playlists to enhance user-curated music experiences.

Stablecoins Propel 273% Growth in Web3 Gaming Industry

Stablecoins are driving 273% growth in the Web3 gaming sector, marking a shift towards a more stable market with a focus on genuine player engagement.

Coinbase to Suspend Trading Pairs in December 2025

Coinbase Global, Inc will suspend trading for specific order books, including ANKRGBP and AXSEUR, effective December 15, 2025, to consolidate liquidity and improve market health.

Experts Highlight Lack of Evidence Linking XRP Prices to ETF Inflows

Experts highlight the lack of credible data connecting XRP price movements to ETF inflows.

Bitcoin's Price Action Remains Choppy Amid Key Support Levels

Bitcoin's price is currently rangebound between critical zones, with buyers supporting the lower end.

Phantom Integrates Kalshi's Prediction Markets for 20 Million Users

Phantom has launched Kalshi-powered prediction markets within its wallet, enabling its 20 million users to trade tokenized positions on real-world outcomes.

Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter