Michael Saylor of Microstrategy Shares Mysterious Bitcoin (BTC) Message in Germany
Michael Saylor has recently shared a cryptic message that appears to be directed towards the German government, suggesting that their selling activities are exerting significant pressure on the market, disrupting the momentum of Bitcoin and other assets. The translated message reads, “Everyone gets Bitcoin at the price he deserves.”
The context behind this message relates to the recent operations involving the German government’s Bitcoin wallet. Over the past two days, the German government’s wallet has been receiving Bitcoin at the close of business hours, with some analysts interpreting this as a buyback following a sale.
Interestingly, the unsold Bitcoins are being returned to the German government’s control wallet, indicating a preference for self-custody over exchanges by such a large institution. A substantial amount of 3,073 BTC was added back to the wallet, bringing the German temporary balance to 27,461 BTC, equivalent to around $1.57 billion.
The ongoing Bitcoin sell-off by the German government continues to impact the price of Bitcoin and the overall market sentiment significantly. Saylor’s message could be seen as a reflection on the market’s current state and the repercussions of such institutional actions. It is possible that Saylor is also critiquing the decision to offload a substantial amount of BTC in a manner that negatively affects the market.
The relentless selling activities conducted by the German government are hindering Bitcoin’s ability to sustain its upward trajectory. These actions underscore the influence that institutions and major holders wield over the cryptocurrency market, often leading to market volatility and sudden price fluctuations. Large-scale sell-offs prompting temporary price drops may prompt some investors to buy while instilling fear in others.
