U.Today – Michael Saylor, co-founder and president of MicroStrategy, recently sent a Bitcoin-focused message to the cryptocurrency community.
Saylor's statement, delivered in German, resonated strongly: “Es ist kein Notfall, bis du kein mehr hast,” which translates to “It's not an emergency until you run out of Bitcoin.”
Saylor's message in German comes as the German government appears to have ended its Bitcoin sales.
In a press release on July 16, the German government formally admitted the sale of 49,858 bitcoins linked to the movie2k case. It also reported that the sale of nearly 50,000 bitcoins had been completed and classified the move as an “emergency sale.”
This background may have motivated Saylor's message specifically directed at Germans: “It's not an emergency until you run out of Bitcoin.”
Cryptocurrency market shakes off fears over bitcoin sales in Germany
In January, the German government received nearly 50,000 Bitcoin that a suspect had voluntarily transferred amid allegations of unauthorized commercial use of copyrighted works and commercial money laundering.
The price of Bitcoin has been volatile in recent weeks due to speculation about BTC sales as well as ongoing payments to creditors of bankrupt Japanese cryptocurrency exchange Mt. Gox.
However, the cryptocurrency market appears to be regaining ground as fears over German government sales have faded.
BTC briefly surpassed $66,000 in yesterday's session, hitting highs of $66,139 after five consecutive days of gains. Bitcoin has subsequently fallen 0.66% over the past 24 hours to trade at $64,864 at the time of writing.
This article was originally published on U.Today
