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Germany’s $1.7 Billion Missed Opportunity: Selling BTC Too Early

Coinedition LogoCoinedition1d ago

Germany’s $1.7 Billion Missed Opportunity: Selling BTC Too Early - Coinedition

Quick Summary:

Reports indicate the government earned approximately $2.88 billion from the sales, which triggered a significant dip in crypto prices.

The German government sold off 50,000 BTC during the summer when Bitcoin prices dropped below $54,000.

Analysts noted that Germany could have secured far greater profits by holding onto the digital asset a tad longer.

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Germany’s $1.7 Billion Missed Opportunity: Selling BTC Too Early - Coinedition (Picture 1)Germany’s $1.7 Billion Missed Opportunity: Selling BTC Too Early - Coinedition (Picture 2)

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Article Details

Author / Journalist: Ikemefula Aruogu

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 10:12:07 (1 days ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 151 words

Reading Time: 1 minutes read

Sentences: 49 lines

Sentence Length: 4 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 23551200

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About Coinedition

Coinedition Logo

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 7 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 19 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #124

Publisher Details

Frequently Asked Questions

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The story "Germany’s $1.7 Billion Missed Opportunity: Selling BTC Too Early" has 151 words across 49 sentences, which will take approximately 1 - 2 minutes for the average person to read.

Which news outlet covered this story?

The story "Germany’s $1.7 Billion Missed Opportunity: Selling BTC Too Early" was covered 1 days ago by Coinedition, a news publisher based in India.

How trustworthy is 'Coinedition' news outlet?

Coinedition is news outlet established in 2020 that covers mostly crypto news.

The outlet is headquartered in India and publishes an average of 7 news stories per day.

It's most recent story was published 19 hours ago.

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  • News ID: #23551200
  • URL: https://beamstart.com/news/germanys-17-billion-missed-opportunity-17314079327

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