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Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: sirty143 on July 05, 2024, 06:51:44 AM

Title: German Government Still Holds Over 40K Bitcoins After Recent Sale, Onchain Data
Post by: sirty143 on July 05, 2024, 06:51:44 AM
German Government Still Holds Over 40K Bitcoins After Recent Sale, Onchain Data Shows

The German government has been selling seized bitcoin but still holds more than 40K BTC, worth over $2.3 billion, according to onchain data from blockchain intelligence firm Arkham. These sales are occurring alongside the anticipated Mt. Gox bitcoin distributions... See more for yourself here (https://news.bitcoin.com/german-government-still-holds-over-40k-bitcoins-after-recent-sale-onchain-data-shows/).

Your opinion is greatly appreciated.

Title: Re: German Government Still Holds Over 40K Bitcoins After Recent Sale, Onchain Data
Post by: pakhitheboss on July 05, 2024, 08:08:27 AM
Quote from: sirty143 on July 05, 2024, 06:51:44 AM
snip..

I am only wondering how low the price of Bitcoin will go this month. It has already touched $53K earlier today and with this news, the price of Bitcoin might hit $50K before July ends. Institutional investors would be eyeing that price so that they can buy more, I am certain we might here MicroStrategy make another big purchase.
Title: Re: German Government Still Holds Over 40K Bitcoins After Recent Sale, Onchain Data
Post by: lepbagong on September 18, 2024, 05:39:50 AM
Quote from: pakhitheboss on July 05, 2024, 08:08:27 AM
Quote from: sirty143 on July 05, 2024, 06:51:44 AM
snip..
I am only wondering how low the price of Bitcoin will go this month. It has already touched $53K earlier today and with this news, the price of Bitcoin might hit $50K before July ends. Institutional investors would be eyeing that price so that they can buy more, I am certain we might here MicroStrategy make another big purchase.
In my opinion, it seems like Bitcoin will not be affected much by the events that have occurred, because right now, Bitcoin is recovering. Indeed, if you look at it for the past few months, Bitcoin will always go up and down continuously and not move to increase or decrease and this will continue to happen until maybe the end of this year or maybe Q1 next year.
Title: Re: German Government Still Holds Over 40K Bitcoins After Recent Sale, Onchain Data
Post by: hugeblack on September 18, 2024, 09:22:01 AM
Quote from: lepbagong on September 18, 2024, 05:39:50 AM
In my opinion, it seems like Bitcoin will not be affected much by the events that have occurred, because right now, Bitcoin is recovering. Indeed, if you look at it for the past few months,
The main driver of the rise will be the Fed releases and interest rate reports as they may move the price higher due to the influx of liquidity and all the recent events currently will only affect the price range between $50k and $60k.