In mid-2024, the German authorities bought roughly 49,858 Bitcoin at a mean value round $54,000 to $57,600 per coin
In mid-2024, the German authorities bought roughly 49,858 Bitcoin at a mean value round $54,000 to $57,600 per coin. Since then, Bitcoin’s value has surged to over $104,000, successfully doubling in worth. This early sale resulted in Germany lacking out on an estimated $2.3 billion to $2.8 billion in potential earnings. The choice to liquidate the Bitcoin holdings, which had been reportedly seized property from the state of Saxony, confronted some political criticism on the time. The missed positive factors have drawn consideration as Bitcoin approaches new all-time highs, highlighting the monetary influence of the federal government’s timing in promoting its cryptocurrency property.
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