How Much Would Germany’s 50,000 Bitcoin Be Worth Today?

In a whirlwind of sell-offs, the German government managed to reduce its 50,000 Bitcoin holdings to zero, impacting the crypto market significantly. However, with the selling spree over, Bitcoin prices have rebounded strongly, rising over 20%. Here’s a look at how much Germany’s holdings would be worth if they had held onto their Bitcoin.

Germany’s 50,000 BTC Could Have Been Worth Billions

The German government continued to offload its BTC even as prices plummeted. By the time the last of the 50,000 coins were sold, Bitcoin was trading at around $53,000. This brought the average sell-off price to about $57,000, netting the government approximately $3 billion from the sales.

Had Germany held onto their Bitcoin, the value would be significantly higher today. With Bitcoin currently trading around $65,400, the 50,000 BTC would now be worth about $3.27 billion. This means the government missed out on an additional $270 million by selling prematurely.

Also Read: German MP Urges Government to Halt Bitcoin Sales Amid Economic Uncertainty

Public Outcry Over the Decision

The decision to sell off the Bitcoin holdings did not go unnoticed and sparked considerable backlash from the public and politicians alike. Jaona Cotar, a member of the German Bundestag, criticized the move on social media, pointing out the lost opportunity for the nation.

“That is how many #Bitcoin Germany still has of the 50,000. Congratulations, you have to be that stupid to be able to do that,” Cotar tweeted, lamenting that Germany now holds zero Bitcoin.

Bitcoin’s Resilience Post-Sell-Off

While the German government’s sell-off was seen as bearish at the time, the aftermath has shown Bitcoin’s resilience. As soon as the government’s Bitcoin wallet was emptied, prices began to rebound, leading to a significant market recovery.

Bitcoin surged from around $53,000 to as high as $66,000, marking a 20% increase. Market sentiment also improved dramatically, shifting from Extreme Fear to Greed in less than a week.