GERMAN GOVERNMENT INVESTMENT IN BITCOIN 2024 10th of JULY, 2024
The German Government Bitcoin wallet investment activity in July, 2024 has increased within a short period of time. According to recent observation based on the German Bitcoin investment wallet on arkhamintelligence.com , the German wallet has sold off quite a lot of Bitcoin and subsequently bought more Bitcoin over a short period of time. As of 10th May, 2024, the German Bitcoin wallet holdings is 23,964k BTC.
The German Government sold over 3840 Bitcoin to various establishment namely, Coinbase. Kraken, Flow traders, Cumberland and some unknown Bitcoin wallets. This huge sa!es have triggered various reactions to Bitcoin investors sparking concerns of a minor sell out.
Other Bitcoin enthusiast suggest that this move by the German government is another investment strategy and employ other investors to adapt it. Even though this sell out had some negative impact on Bitcoin, the price of Bitcoin has also gained value substantially over this short period of time.This is a typical example . Investors are strongly advised not to invest money that they cannot afford to lose.