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Michael Saylor, cofounder and chairman of MicroStrategy, has recently delivered a Bitcoin-focused message to the cryptocurrency community.
Saylor's statement, delivered in German, has resonated strongly: "Es ist kein Notfall, bis du kein Bitcoin mehr hast," which translates to, "It is not an emergency until you run out of Bitcoin."
Saylor's message in German comes as the German government appears to have finished its Bitcoin sales.
In a press release dated July 16, the German government formally admitted to selling 49,858 Bitcoin tied to the movie2kcase. It further reported that the sale of almost 50,000 Bitcoins was completed, classifying the move as an "emergency sale."
Tomiwabold OlajideThis background may have prompted Saylor's message specifically directed to Germans: "It is not an emergency until you run out of Bitcoin."
Cryptomarket casts off fears of German Bitcoin sales
In January, the German government received nearly 50,000 Bitcoin that a suspect had voluntarily transferred amid allegations of commercial, unauthorized use of copyrighted works and commercial money laundering.
Bitcoin's price has been volatile in recent weeks due to speculation about BTC sales, as well as an overhang from continued payouts to creditors of the bankrupt Japanese crypto exchange Mt. Gox.
However, the crypto market appears to be catching up as fears caused by German government sales have been allayed.
BTC briefly rose above $66,000 in yesterday's session, reaching highs of $66,139 following five consecutive days of gains. Bitcoin has subsequently dipped, down 0.66% in the last 24 hours to trade at $64,864 at press time.
Yuri Molchan
Vladislav Sopov
Dan Burgin
Alex Dovbnya