{"id":2527,"date":"2024-11-12T17:18:52","date_gmt":"2024-11-12T17:18:52","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=2527"},"modified":"2024-11-12T17:18:52","modified_gmt":"2024-11-12T17:18:52","slug":"the-german-government-sold-its-bitcoin-heres-how-much-it-missed-out-on","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=2527","title":{"rendered":"The German Government Sold Its Bitcoin\u2014Here&#8217;s How Much It Missed Out On"},"content":{"rendered":"<div>\n<p>The German government may have missed a substantial financial gain, estimated at $1.6 billion, due to the <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/07\/39670551\/bitcoin-plunges-to-56k-as-german-government-continues-liquidating-its-holdings\">timing of its <strong>Bitcoin<\/strong><\/a><strong> <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) sales. <\/p>\n<p><strong>What Happened: <\/strong>In July, <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/07\/40048737\/germanys-bitcoin-sale-sparks-controversy-a-missed-opportunity\">Germany sold 50,000 bitcoin<\/a>, seized from the defunct piracy site Movie2K, for $2.88 billion.<\/p>\n<p>This sale was executed at an average price of $57,600 per Bitcoin. <\/p>\n<p>However, Bitcoin\u2019s price has since surged, with significant momentum added by <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/41869034\/skyrocketing-bitcoin-nears-80000-milestone-on-optimism-over-trump\"><strong>Donald Trump&#8217;<\/strong>s U.S. presidential election <\/a>victory, causing the cryptocurrency to reach new all-time highs.<\/p>\n<p>Following the election, Bitcoin saw a historic single-day price increase of nearly $10,000 on Nov. 11. <\/p>\n<p>Today, the value of the Bitcoin previously held by Germany would be worth approximately $4.5 billion\u2014a 56% gain, highlighting the financial impact of the government\u2019s early sale, The Block <a href=\"https:\/\/www.theblock.co\/post\/325783\/the-german-government-missed-out-on-1-6-billion-by-selling-its-bitcoin-early?utm_source=rss&amp;utm_medium=rss\">reported<\/a>.<\/p>\n<p>The German government is not alone in facing an opportunity cost related to Bitcoin &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/41911120\/the-german-government-sold-its-bitcoin-heres-how-much-it-missed-out-on\" alt=\"The\" german government sold its bitcoin how much it missed out on>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The German government may have missed a substantial financial gain, estimated at $1.6 billion, due to the timing of its Bitcoin (CRYPTO: BTC) sales. What Happened: In July, Germany sold 50,000 bitcoin, seized from the defunct piracy site Movie2K, for $2.88 billion. This sale was executed at an average price of $57,600 per Bitcoin. However, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-2527","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2527","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2527"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2527\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}