German Bitcoin Sale Costs Billions as Price Soared Past $200K

Germany’s early Bitcoin liquidation in 2024, costing over $2.35 billion in unrealized profits, has triggered a ripple effect across the cryptocurrency market. Despite selling nearly 50,000 BTC for an average price of $57,900, the German government missed out on potentially significant gains as Bitcoin prices surged to new all-time highs above $200K after the sales. This decision has sparked criticism from crypto enthusiasts who argue that a well-executed sale could have maximized profits and prevented market volatility.