Michael Saylor Issues Crucial Bitcoin Warning to German Community

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As a researcher with a background in cryptocurrencies and a particular interest in Bitcoin, I find Michael Saylor’s warning to the German government and investors a noteworthy development. The MicroStrategy co-founder and Bitcoin maximalist’s tweet in German language, urging them not to sell their Bitcoin, is particularly intriguing as it marks his first such message this week.

Michael Saylor, a prominent advocate for Bitcoin and co-founder of MicroStrategy, issued a cautionary message to the German Bitcoin community and the German government through a tweet.

A prominent Bitcoin advocate and international BTC influencer spoke to them in German for the first time this week.

Michael Saylor warns German government and investors

The MicroStrategy co-founder, formerly our CEO and now the executive chairman, Saylor, advised on Twitter in German, “You’re not disposing of your Bitcoins.” This can be translated to English as “Do not sell your Bitcoins.”

Du verkaufst deine #Bitcoin nicht.

— Michael Saylor⚡️ (@saylor) July 12, 2024

Previously in the year, Saylor repeated a comparable statement to the international Bitcoin audience as the sell-off of Bitcoin started and its price significantly dropped.

According to the latest findings from the @lookonchain analytics team, I’ve discovered that over the past 24 days, the German government has offloaded a significant amount of Bitcoin. Specifically, they have disposed of 50,179 BTC, which is currently valued at around $3.3 billion.

In the last 24 hours, the German government moved approximately 10,000 BTC, or around $500 million at current values, to centralized cryptocurrency platforms like Bitstamp and Coinbase. They subsequently received about 500 BTC worth $28.6 million back. This Bitcoin was later sold, as evidenced by on-chain data showing that the German authorities now possess no Bitcoin. These digital assets were seized from the Movie2k pirate website in January of this year.

Samson Mow has Bitcoin plan for Germany

I, as an analyst, would like to share my perspective on Samson Mow’s recent commentary. Samson Mow, the CEO of Jan3 and a well-known Bitcoin maximalist, expressed his thoughts on Twitter using the handle @Excellion. He was reacting to the news that the German government has finally ended its Bitcoin sales.

The European government had no option but to get rid of the confiscated 50,000 BTC belonging to Movie2k, as stated by Mow in a tweet.

I reached out to German MP Joana Cotar with the handle @BTCimBundestag on Twitter, proposing that the three of us collaborate on drafting a definitive plan for Germany’s Bitcoin acquisition by October. We aim to adopt at least 50,000 Bitcoins as part of an effective national strategy.

The German authorities were compelled to get rid of the seized 50,000 Bitcoins from Movie2k in the past. Yet, by October this year, a definitive plan needs to be established for Germany to regain at least that amount as part of a well-planned Bitcoin adoption strategy for the country. 🇩🇪 @JoanaCotar @BTCimBundestag— Samson Mow (@Excellion) July 13, 2024

This week, Cotar advocated for the German government to halt the sale of Bitcoin and consider adopting it as a reserve currency instead.

Currently, the largest cryptocurrency by market cap is being traded at a price of $58,134 on the Bitstamp exchange.

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2024-07-13 12:50