CEO of Pixelmatic has something to offer Germany this October
Samson Mow, $1 million Bitcoin advocate, has shared his view on the German government’s massive sell-off of the country's national Bitcoin holdings, which imposed strong selling pressure on the lead cryptocurrency’s price.
He argues that Germany had to sell its BTC holdings, which it seized from a film pirate website, due to the illegal nature of the funds.However, Mow believes that Germany needs to reacquire at least $50K in BTC as part of what he calls a “proper nation-state Bitcoin adoption strategy.” The entrepreneur even proposed developing a plan for this adoption strategy to implement as early as October this year.
The German government had no choice but to dispose of the 50,000 BTC seized from Movie2k. However, this October we should put together a concrete plan for Germany to re-acquire at least 50,000 BTC in a proper nation-stateGermany started selling its almost $3 billion holdings in Bitcoin via major exchanges in late June, completing the sell-off this Friday. Putting immense selling pressure, this event caused the BTC price to drop as much as 15% in July.
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