What is the value of 1000 US dollars in Bitcoin since the BTC selloff from Germany

Coin World News report:
Several months ago, when the German government started selling its BTC reserves, the Bitcoin (BTC) market experienced major turbulence. After seizing a large amount of Bitcoin from a criminal case, the government was forced to liquidate its funds.
As of mid-July, approximately 44,200 BTC, or 88.4% of the original 50,000 BTC held by Germany, has been sold. The country has reacted strongly to this sale.
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Bitcoin price during this sale
Back in July, the price of the King Coin saw an increase in volatility. The asset dropped below the $60,000 mark, causing market chaos. During this period, Bitcoin traded as low as $56,000. However, now the world’s largest cryptocurrency is gradually approaching the $70,000 range. As of the time of writing, the trading price of BTC is $66,265.48, down more than 1% in the past 24 hours.


Source
This further indicates that Bitcoin has seen a 17% increase in price since Germany sold its holdings. Therefore, investing $1,000 during this period could have brought substantial profits. According to calculations, at the current price of the asset, $1,000 would turn into $1,184.
Though the profit may not be high, holding onto King Coin for a long time will translate into better returns. Some analysts and institutions believe that BTC will see a breakout next year.
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Germany’s cryptocurrency initiative
In a recent speech at the German Federal Parliament, Samson Mow, CEO of Bitcoin tech company Jan3, staunchly advocated for Germany to include Bitcoin in its national strategic reserves. Mow urged the country to purchase 281,267 Bitcoin to diversify its asset base and enhance its financial stability.
Congress members and supporters of Bitcoin have taken notice of this initiative, which has sparked discussions about Bitcoin’s potential contributions to Germany’s financial future. If the country were to purchase Bitcoin in the future, it would certainly boost the price of King Coin.
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