Bitcoin

In July, Germany sold 49,991 Bitcoins confiscated in a criminal investigation against the Movie2k website. These assets were sold when Bitcoin was about $53,000, and the country received approximately <a href="https://cryptotale.org/bitcoins-decline-in-july-due-to-german-govt-sell-off/" rel="noopener noreferrer nofollow">$2.8 billion from the sales</a>. With Bitcoin’s price rising again and nearing $90,000, that holding would now be worth around $4.5 billion. The country have missed out on about $1.7 billion in profit.The German authorities sold off the Bitcoin assets between June 19th and July 12th. When German officials initially confiscated the Bitcoins from Movie2k’s operators in January of this year, Bitcoin was $43,000. The price of Bitcoin rose to $53,000 by July, giving Germany a good profit.Bitcoin Price SurgeThe recent increase in <a href="https://cryptotale.org/bitcoin-jumps-to-8th-largest-asset-ibit-etf-sets-record/" rel="noopener noreferrer nofollow">Bitcoin</a> by 53% within the last 60 days has been making news across the financial sector. The rally was partly induced by new hope following the re-election of President Donald Trump of the United States of America. As of press time, BTC was trading at <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">$87,443</a>, showing a 6.34% increase over the previous day.<a href="https://cryptotale.org/germany-missed-1-7b-bounty-by-selling-bitcoins-too-early/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Germany Missed $1.7B Bounty By Selling Bitcoins Too Early

CryptoTale

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