Post
Topic
Board Bitcoin Discussion
Re: Germany to Reinvest in Bitcoin After $3.1 Billion Loss in Previous Sale
by
Darker45
on 16/01/2025, 03:03:56 UTC
~snip~

Did they really "reinvest," or is that just a misleading term? From what I’ve heard, this country sold their previously confiscated Bitcoin from cases like Movie2k and other illegal online scams or money laundering operations.

No, Germany didn't reinvest. It didn't invest, in the first place. This article just made it appear as if Germany committed a mistake, regretted about it, and is now trying to make up for it. That's oversimplification. That's not what happened. This article is a garbage. It appears written by a work-from-home poorly-paid content creator from a faraway country.

There was indeed some resistance coming from the German parliament at that time. A member even wrote to the chancellor himself that the decision to sell those coins was "not sensible" and "counterproductive". They should have been kept.