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Germany is persuaded not to destroy the cryptocurrency bitcoin

3:26 pm, July 4, 2024

Justin Sun, founder of Tron (TRX), said that he is ready to buy all bitcoins from the German government through over-the-counter trading. In this way, Sun aims to prevent the sale of BTC from having a strong impact on the price of the market’s flagship.

Over the past few weeks, the German government has stepped up cryptocurrency transfers from wallets, according to Arkham analytical platform. The transactions, amounting to millions of dollars, mostly consist of confiscated bitcoins. Market participants interpret these actions as the governments' intentions to sell assets on cryptocurrency exchanges.

«I am willing to negotiate with the German government to buy all BTC off the market to minimize the impact on the industry ,» Justin Sun wrote.

on June 19, 7,500 BTC left the German government’s wallet, 200 of which went to Coinbase. The funds were probably confiscated from the founders of the pirate website Movie2k in January. Another 200 BTC were sent to Coinbase and Kraken on June 25. The wallet still has about 44,000 bitcoins worth $ 2.7 billion.

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