🚨🚨📉 Sold at $57K, Worth $106K Now — Germany’s Painful BTC Lesson!
Germany’s $2.8B Bitcoin Sale: A $2.3B Missed Opportunity? 📉
In July 2024, the German government sold 49,858 BTC at an average price of $57,900, securing approximately $2.88 billion . However, with Bitcoin’s price now soaring to over $106,000, those holdings would be valued at more than $5.3 billion, indicating a missed opportunity of around $2.4 billion in potential gains.
The decision to sell was driven by legal obligations to prevent potential losses due to Bitcoin’s volatility . Yet, the subsequent surge in Bitcoin’s value has led to criticism and debate over the timing and strategy of the sale.
This situation underscores the challenges governments face in managing digital assets and the importance of strategic decision-making in the rapidly evolving cryptocurrency market.
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