đ©đȘ Germanyâs $BTC Blunder: Billions Lost by Selling Too Early đž
In 2024, German authorities liquidated nearly 50,000 seized Bitcoinâa move thatâs now remembered as one of the costliest missed opportunities in crypto history.
đ» The Sale
Between June and July 2024, about 49,858 BTC were sold at prices between $54,000â$57,900, bringing in roughly $2.89B. The assets were seized from operators of a pirated movie website.
âïž Why They Sold
German law requires that seized digital assets be liquidated before criminal proceedings conclude, a safeguard against potential crashes. But in this case, that caution cost them dearly.
đ The Missed Billions
Just months later, Bitcoin surged past $100,000 and eventually peaked above $120,000 by the end of 2024. Had they held, Germanyâs haul would have been worth well over $6Bâdouble the amount they received.
đ A reminder to every trader: timing the market is everything. Even governments can fumble the biggest plays in crypto history.
BTC: 123,681.83 (-0.06%)