German Parliament member and Bitcoin advocate, Joana Cotar, has called on the government to stop selling Bitcoin quickly. Cotar believes this is neither "rational" nor "product" and believes Bitcoin should be adopted as a strategic reserve currency to protect against economic instability.

Cotar pointed out that selling more Bitcoin is neither "rational" nor "product", emphasizing that Bitcoin can serve as a valuable asset to diversify the country's funds. She also points out that holding Bitcoin can help protect against inflation and currency depreciation.

Data from crypto information platform Arkham shows that over the past month, the German government sold 8,611 BTC, resulting in a net portfolio change of -$820 million at current prices. After these sales, Germany now holds 41,226 BTC, worth approximately $2.28 billion.

Justin Sun, founder of the TRON blockchain, recently teased his willingness to enter into negotiations with the German government to buy all BTC off-market. “I am ready to negotiate with the German government to buy all BTC off-market,” Sun stated.

The German government's ongoing Bitcoin sale is not the only factor affecting the cryptocurrency market. The expected $9 billion compensation payment to creditors of collapsed cryptocurrency exchange Mt. Gox has also been linked to Bitcoin's recent price drop.