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Germany's Bitcoin Sale Sparks Controversy: A Missed Opportunity?
Tuesday, July 30, 2024 - 3:09pm | 711The German government‘s recent sale of nearly 50,000 Bitcoin, worth approximately $2.89 billion, has stirred debate within the cryptocurrency community. One of the most vocal critics of this move is Joana Cotar, a German Bundestag member who described the sale as a “monumental missed...
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German Lawmaker Joana Cotar Calls 50K Bitcoin Sale By Her Nation A 'Monumental Missed Opportunity,' Says Holding King Crypto As 'Strategic Reserve' Could Reduce US Dollar Dependence
Sunday, July 28, 2024 - 9:30am | 892The German government kept the cryptocurrency market on tenterhooks with its sale of state-owned Bitcoin (CRYPTO: BTC) in recent weeks. The process culminated earlier this month, with nearly 50,000 BTC, worth $2.89 billion, dumped in the open market. One of the most vocal critics of the entire...
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By Dumping 50K Seized Bitcoins At The Wrong Time, Germany Lost An Amount Worth More Than Bhutan's And Gambia's GDPs Today
Wednesday, July 17, 2024 - 5:01am | 582After weeks of relentless selling, the German government sold off the final tranche of its Bitcoin (CRYPTO: BTC) holdings last Friday. Interestingly enough, the market unexpectedly rose immediately after. What Happened: Nearly 50,000 Bitcoins recovered from asset seizures were dumped by the...
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German Bitcoin Liquidation Criticized As 'Insensible And Counterproductive' With Market Concerns Rising
Wednesday, July 10, 2024 - 11:10am | 799The German government's decision to sell a substantial portion of its Bitcoin (CRYPTO: BTC) holdings has sparked controversy, highlighting the complexities of digital asset management in national financial strategies. Joana Cotar, a member of the German Bundestag, has publicly condemned the large-...
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German MP Argues For Retaining Bitcoin Holdings Rather Than Liquidate
Friday, July 5, 2024 - 12:01pm | 528Joana Cotar, a member of the German Bundestag, criticized the government's decision to sell off Bitcoin (CRYPTO: BTC) holdings. In a letter to key government officials — Saxon State Premier Michael Kretschmer, Federal Finance Minister Christian Lindner, and Chancellor Olaf Scholz — Cotar outlines...
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German Lawmaker Pushes For Bitcoin To Become Legal Tender
Friday, November 17, 2023 - 12:34am | 536In a move that could significantly influence the cryptocurrency landscape, German lawmaker, Joana Cotar, is spearheading an initiative to establish Bitcoin (CRYPTO: BTC) as a legal tender in the country. What Happened: As reported by Cointelegraph, Cotar, who is a member of the German Bundestag,...