Analysts: At This Rate, Germany's Government-Held BTC to Deplete in 2 Days
CryptoNewsTerminal Staff11 Jul, 2024
Analysts: At This Rate, Germany's Government-Held BTC to Deplete in 2 Days
On-chain analyst The Data Nerd shared via Twitter that, at the current rate of spending, Germany's government-held BTC will be depleted in just two days. This revelation comes as the German government has been actively spending its BTC reserves to fund various projects and initiatives. It's worth noting that the German government's BTC holdings are relatively small, totaling only around 27 BTC. This means that the depletion of these reserves is unlikely to have a significant impact on the overall BTC market. However, it does raise questions about the sustainability of government-held BTC reserves and the potential for future depletion.
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