Bitcoin set latest ATH at $118,403, fueling bullish future BTC price expectations.
The German government lost over $3.1 billion in profits by selling BTC at $54,000.
If demand continues, Bitcoin could hit $1 million and $5 million by 2027 and 2031.
The price of Bitcoin set its latest ATH price target at $118,403.89 after an explosive rally from setting consecutive ATHs in the $112,000 and $113,000 price ranges. This means that the price of BTC pumped over 8% in just a few hours today. Based on the latest pump, analytics point out that the German Government lost over $3.1 billion in profits when they decided to sell 50,000 BTC at $54,000 before the Bitcoin Halving event.
German Government Lost Over $3.1 Billion on Profits
This Bitcoin bull cycle was a highly anticipated one as most analysts expected parabolic BTC price pumps that would take the price of Bitcoin (BTC), the pioneer crypto asset, to high 6-digit prices. Amidst the anticipation for the bull cycle to begin, many Bitcoin advocates began to heavily accumulate BTC, for at the time, BTC was just trading below $50,000, mening it wasn’t too late to accumulate despite the pump from $17,000 bear prices.
During this time, when the price of BTC had just pumped from the $17,000 bottom price to the $50,000 price. Some began to sell their BTC holdings, even though the price of BTC was quite a ways behind its previous ATH price set at $69,000. This one entity that began to sell its BTC holdings was the German government. Their steady selling of a huge amount of BTC accumulated from legal battles led to a lot of frustration from the crypto community.
Bitcoin to $1 Million by 2027
As many were hoping to see the price of BTC pump to reclaim its previous $69,000 ATH price, to ensure that BTC would be prepared to go higher when the Bitcoin Halving event took place, they were quite diasppointed to see BTC price remain stagnant due to the continued selling of BTC holdings from the German government. In fact, most were baffled by their move to sell 50,000 BTC at $54,000 and were surprised that the price of BTC did not dip lower.
https://twitter.com/WatcherGuru/status/1943491167263379676
This is because while the German government was selling BTC in bulk at a low price, others were heavily accumulating the asset known as digital gold. Long-time traders, financial experts, and seasoned analysts knew that much higher ATH prices were in store for BTC in the ongoing bull cycle and the upcoming bull market phase. Therefore, accumulating BTC at $50,000 would reap incredible benefits in the long run.
This rang true, as BTC hit 6-digit prices in Q1 of 2025 and now seems to have just experienced a bullish breakout that could take the price of BTC to $170,000 in the coming months ahead. This means that the German government lost a possible total of $3.1 billion in BTC profits by selling their 50,000 too early.
https://twitter.com/SimplyBitcoinTV/status/1943414987520679941
With the price of BTC still moving up, cycle top and future pump expectations have only gotten more bullish. In fact, as the post above shows new academic research highlighting how Bitcoin hitting $1 million by early 2027 and $5 million by 2031 is highly probable if current demand levels continue.
