Bitcoin

when

Summer

Billion

<ul class="wp-block-list news-points">
 <li><strong>The German government sold 50,000 BTC during the summer.</strong></li>
 <li><strong>Summer BTC selloff led Germany to miss $1.7 billion in potential profit.</strong></li>
 <li><strong>Bitcoin has surged over 80% since Germany’s summer crypto selloff.</strong></li>
</ul>
<p>The German government sold off 50,000 BTC during the summer when Bitcoin prices dropped below $54,000. Reports indicate the government earned approximately $2.88 billion from the sales, which triggered a significant dip in crypto prices. Analysts noted that Germany could have secured far greater profits by holding onto the digital asset a tad longer.</p>
<p><a href="https://x.com/WatcherGuru/status/1856206044373897287" target="_blank" rel="noopener noreferrer nofollow">WatcherGuru</a>, a crypto market observer, posted on X that selling BTC last summer cost the German government a potential $1.7 billion in missed profit. This conclusion stemmed from Bitcoin’s current rally, driven by its surge since Donald Trump’s victory in the U.S. presidential election.</p>
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<h2 class="wp-block-heading" id="h-bitcoin-s-surge-post-german-selloff-all-time-high-achieved">Bitcoin’s Surge Post-German Selloff: All-Time High Achieved</h2>
<p>Although Bitcoin declined below $50,000 following Germany’s selloff, its recovery gained momentum three months later. Since November 5, Bitcoin’s price has shown significant volatility, eventually climbing to new all-time highs.</p>
<p>TradingView’s <a href="https://www.tradingview.com/x/sopeB6bI/" target="_blank" rel="noopener noreferrer nofollow">data</a> shows…</p>
<p>The post <a href="https://coinedition.com/germanys-1-7-billion-missed-opportunity-selling-btc-too-early/" rel="noopener noreferrer nofollow">Germany’s $1.7 Billion Missed Opportunity: Selling BTC Too Early</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Germany’s $1.7 Billion Missed Opportunity: Selling BTC Too Early

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