TRON

<h4><strong>This substantial liquidation has raised concerns among investors about potential downward pressure on Bitcoin’s price. </strong></h4> 
<p>Amidst this, TRON founder Justin Sun has made a bold proposition. He aims to negotiate with the German government to buy their Bitcoin holdings.</p> 
<h5><strong>Justin Sun Proposes to Buy Germany’s BTC to Stabilize Market</strong></h5> 
<p>The German government’s decision to sell such a significant amount of Bitcoin comes at a time when the cryptocurrency market is already grappling with volatility. The <a href="https://x.com/sunnydecree/status/1808783438247276811" target="_blank" rel="noopener">sale of 1,300 BTC</a> has inevitably caused jitters among traders and investors. Such large-scale sell-offs can lead to a decline in Bitcoin’s price, further exacerbating the market’s instability.</p> 
<p>In a succinct social media post, Sun expressed his readiness to engage in negotiations with the German government regarding their Bitcoin reserves. His proposal is driven by a desire to mitigate the negative impact of the sell-off on Bitcoin’s price. By purchasing the BTC directly from the government, Sun aims to prevent further downward pressure on the market and stabilize the cryptocurrency’s value.</p> 
<p><img decoding="async" class="wp-image-144778 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/cvxfdgfhgfhyjy-300x119.png" alt="" width="487" height="193" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/cvxfdgfhgfhyjy-300x119.png 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/cvxfdgfhgfhyjy.png 391w" sizes="(max-width: 487px) 100vw, 487px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/justinsuntron/status/1808828661401072092" target="_blank" rel="noopener">X</a></strong></h6> 
<p>By intervening in this manner, he seeks to demonstrate that large-scale sell-offs by governmental bodies can be managed without causing significant disruptions to the market. This approach could serve as a precedent for future interactions between governments and private entities in the cryptocurrency space.</p> 
<h5><strong>More About Bitcoin</strong></h5> 
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      <p><a href="https://www.altcoinbuzz.io/?s=bitcoin+etf" target="_blank" rel="noopener">Bitcoin ETFs</a> surprisingly showed net positive flows over the past 1-day, 1-week, and 1-month periods, despite Bitcoin’s price plummeting by $10,000. Many had anticipated worse performance in ETF flows during this downturn. Year-to-date, the net flow remains robust at +$14.6 billion, signaling resilience in investor confidence even amidst market setbacks.</p> 
      <p><img decoding="async" class="wp-image-144780 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/xvccxfgfhghfhgjkjhl-300x249.png" alt="" width="497" height="413" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/xvccxfgfhghfhgjkjhl-300x249.png 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/xvccxfgfhghfhgjkjhl.png 391w" sizes="(max-width: 497px) 100vw, 497px"></p> 
      <h6 style="text-align: center;"><strong>Source: <a href="https://x.com/EricBalchunas/status/1808113945510576361" target="_blank" rel="noopener">X</a></strong></h6> 
      <p>This steady flow during a phase often seen as a ‘step back’ indicates ongoing strong interest and support for Bitcoin ETFs, underscoring their importance as investment vehicles in the crypto market.</p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/justin-sun-offers-to-buy-german-governments-bitcoin/">Justin Sun Offers to Buy German Government’s Bitcoin</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Justin Sun Offers to Buy German Government’s Bitcoin

Altcoin Buzz

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