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What will be the impact of the German government's Bitcoin sale on the cryptocurrency market by end of 2024?
3
Resolution / Starting Odds
Significant increase in volatility • 25%
Significant decrease in volatility • 25%
No significant impact • 25%
Other • 25%
Cryptocurrency market data from sources like CoinMarketCap or CoinGecko
Story
German MP Criticizes Government's $195M Bitcoin Sale
Jul 5, 2024, 05:42 AM
German Member of Parliament Joana Cotar has strongly criticized the government's decision to sell Bitcoin, arguing that this move exacerbates market volatility and could have a long-term negative impact on the stability of the cryptocurrency market. Cotar believes that Bitcoin should be used as a national strategic reserve currency, similar to discussions currently taking place in the USA. The government has reportedly sold $195 million worth of Bitcoin, a decision Cotar describes as counterproductive and not sensible.
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Similar markets
Yes • 50%
No • 50%
Increased by 10% or more • 25%
Decreased by 10% or more • 25%
Remained within 10% of current price • 25%
Other • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Less than 10,000 BTC • 25%
10,000 to 20,000 BTC • 25%
20,000 to 30,000 BTC • 25%
More than 30,000 BTC • 25%
Yes • 50%
No • 50%
Increase • 33%
Decrease • 33%
Remain the same • 33%
Sell all remaining BTC • 33%
Sell part of remaining BTC • 33%
Hold remaining BTC • 33%
Less than 10,000 BTC • 25%
10,001 - 15,000 BTC • 25%
15,001 - 20,000 BTC • 25%
More than 20,000 BTC • 25%
Below $15,000 • 25%
$15,000 to $20,000 • 25%
$20,000 to $25,000 • 25%
Above $25,000 • 25%