The original source of the news: Niu Guluoyao
024 UEFA Euro 2024, also known as the “European National Cup”, will be held in Germany from June 14th to July 14th. In today’s quarterfinals, Spain defeated the host Germany 2-1 in extra time and advanced to the final four. This is the first time that Germany has failed to advance in the quarterfinals (previously advanced to the semifinals four times), which has left fans very disappointed.
Sun Yuchen: Germany lost because they sold too much BTC
Faced with Germany’s defeat, Sun Yuchen, the founder of TRON, sarcastically commented on X this morning:
The reason why the German team lost the game in this European Championship may be because they sold too much Bitcoin.
Since June 19th, the German government has continuously transferred a large amount of Bitcoin to exchanges, bringing huge selling pressure to the market. On July 4th, Sun Yuchen boldly announced on X: “I am willing to negotiate with the German government to buy all BTC off the market in order to minimize the impact on the market as much as possible.”
It can only be said that Sun Yuchen is really good at seizing hot topics.
Germany has transferred nearly $600 million worth of BTC
In mid-January of this year, the German government confiscated nearly 50,000 Bitcoins from the pirated movie website Movie2k, making it the largest cryptocurrency seizure case in German history. According to blockchain analyst Yu Jin’s statistics, the German government has transferred a total of 9,332.3 BTC (in nine transfers) since June 19th, with a value of approximately $5.72 billion, and an average transfer price of $61,306.
Currently, Arkham data shows that the German government still holds 40,526 Bitcoins, worth approximately $22.9 billion. Whether it will continue to affect Bitcoin is worth continuous attention.
Currently, some coins with a hundredfold potential and short-term skyrocketing projects that we, as a team of six analysts, have researched and invested in can be found in the community. Currently, all of this information is free.