sell
German Government's Bitcoin Sale Results in Nearly $3 Billion Loss
According to Arkham, the German government sold 49,858 bitcoins at an average price of $5,790 each. Compared to the current price of around $117,000, this has resulted in a "missed opportunity" loss of approximately $2.98 billion.
Source available for registered users Sign Up Free
AI Analysis
The German government's decision to sell nearly 50,000 bitcoins at an average price of $5,790 per coin occurred during a period when bitcoin’s value was substantially lower than its present levels, ar...
AI Recommendation
Investors and analysts should pay close attention to the implications of large institutional and government sales of cryptocurrencies. Such actions can signal market sentiments and influences that may...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
You might also be interested in:
strong buy