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Market
Germany to repurchase Bitcoin for reserves by end of 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from the German government or financial reports
Story
Germany Sells 50,000 BTC at $54,000, Missing $990 Million as U.S. Develops Strategic Bitcoin Reserve
Nov 6, 2024, 11:42 PM
Germany has reportedly sold its entire Bitcoin holdings at a price of $54,000 per Bitcoin, totaling approximately 50,000 BTC. Analysts suggest that had the country held onto its assets, it could have realized an additional $990 million in value. This decision comes as the U.S. government plans to establish a Strategic Bitcoin Reserve, raising questions about Germany's management of its cryptocurrency investments. Critics have labeled the decision to sell as a significant misstep, highlighting the contrast between Germany's actions and the anticipated U.S. strategy in the cryptocurrency market.
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Similar markets
Yes • 50%
No • 50%
Sell more than 10,000 BTC • 25%
Buy more than 5,000 BTC • 25%
Hold current BTC • 25%
Sell less than 10,000 BTC • 25%
Sell to Justin Sun • 25%
Sell on open market • 25%
Hold the Bitcoin • 25%
Other • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Sell all remaining BTC • 33%
Sell part of remaining BTC • 33%
Hold remaining BTC • 33%
Adopted • 25%
Rejected • 25%
Postponed • 25%
No decision • 25%