Official announcements from the German government or major news outlets

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.