The German government missed out on an additional $124 million in Bitcoin (BTC) profits due to selling off their 50,000 BTC stash too early. Despite making a profit of over $740 million from the sale, Bitcoin prices surged by 16.55% right after, following an assassination attempt on former US President Donald Trump. The Saxony state government could have maximized returns by selling in March when BTC hit a record high of $74,000, potentially securing $1.5 billion in profits. Emergency sales were ordered in June to prevent a potential 10% drop in BTC value, emphasizing the need to avoid speculation. The US government and countries like El Salvador are actively involved in Bitcoin accumulation, hinting at its growing importance as a strategic asset. Discussions are ongoing about the US using Bitcoin for its strategic reserves by 2028. Read more AI-generated news on: https://app.chaingpt.org/news

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