Bitcoin Turning Point$BTC
In a move that has sparked considerable debate, the German government sold nearly 50,000 Bitcoin (BTC) between June and July 2024 at an average price of approximately $57,900 per coin, totaling around $2.89 billion . These Bitcoins were originally seized by the German Federal Criminal Police Office (BKA) from the operators of the piracy website Movie2k.
As of May 2025, Bitcoin's price has surged to over $104,700, meaning that if the German government had retained the Bitcoins, their value would have reached approximately $5.24 billion. This indicates a missed potential gain of about $2.35 billion .
The decision to sell was likely driven by a desire for quick liquidity, but the timing proved unfavorable. Critics argue that the sale demonstrates a poor understanding of the crypto market's volatility and growth potential. Had the government waited for the market upswing, it could have secured significantly higher returns for its treasury .
This event underscores the complexities involved in managing digital assets and raises broader questions about whether states should view Bitcoin as a short-term asset to liquidate or as a long-term store of value similar to gold. Germany's experience serves as a cautionary tale for other governments and institutions handling large cryptocurrency holdings .
Currently, Bitcoin (BTC) is trading at approximately $105,711, reflecting the significant appreciation since the German government's sale.$ETH
