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Michael Saylor Issues Crucial Warning About Bitcoin to German Community
Yuri Molchan
“Don’t sell your Bitcoin,” Michael Saylor tweeted in German, addressing the local BTC community.
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Bitcoin vocal evangelist and MicroStrategy co-founder Michael Saylor posted a tweet in which he addressed his crucial warning to the German BTC community and government of the country.
Bitcoin maximalist and leading figure in the global BTC army he addressed them in Germanand it’s the first time he’s done it this week.
Michael Saylor warns German government and investors
MicroStrategy co-founder, former CEO, and current executive chairman Saylor tweeted in German, “Du verkaufst deine Bitcoin nicht,” meaning “don’t sell your Bitcoin.”
Earlier this year, Saylor posted a similar message to the global Bitcoin community multiple times as the BTC sell-off began and the price began to plummet.
AS reported by @lookonchain According to Analytics, the German government has sold 50,179 BTC in the last 24 days, worth an estimated $3.3 billion.
Notably, in the last 24 hours, the German government transferred nearly 10,000 BTC (worth just over half a billion US dollars) to centralized cryptocurrency exchanges, including Bitstamp and Coinbase, and received back about 500 BTC worth $28.6 million. Those were also eventually sold, as according to the on-chain data account, German authorities currently hold zero Bitcoin. All of these cryptocurrencies were confiscated from the pirate website Movie2k in January of this year.
Samson Mow Has a Bitcoin Plan for Germany
Samson Mow, another Bitcoin maximalist and CEO of the company Jan3, which focuses on helping nation states adopt the world’s leading cryptocurrency, used his X account to comment on the German government’s final end to Bitcoin sales.
Mow tweeted that the government of this European country “had no choice but to dispose of the 50,000 BTC seized from Movie2k.”
He tagged German Bundestag member Joana Cotar and the handle X @BTCimBundestag, saying that in October the three of them together should create “a concrete plan for Germany to buy back at least 50,000 BTC in a proper nationwide Bitcoin adoption strategy.”
This week, Cotar urged the German government to X to stop selling Bitcoin and start holding it as a reserve currency.
At the time of writing, the world’s largest cryptocurrency is trading at $58,134 on the Bitstamp exchange.
About the author
Yuri Molchan
Yuri is interested in technology and technical innovations. He has been writing about DLT and cryptocurrencies since 2017. He believes that blockchain and cryptocurrencies have the potential to transform the world in the future in many ways. He has written for several media outlets about cryptocurrencies. His articles have been cited by crypto influencers such as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.