The members of the crypto ecosystem are reacting to the selloff of Bitcoin (BTC) by Germany in an unusual way. In less than 24 hours after the Saxony government emptied its last tranche of Bitcoin on Trader Flows and 139Pon, the wallet as tracked by Arkham Intelligence has started donations in BTC.
The Reasons Behind the Unsolicited Bitcoin Donation
The supporters of crypto have a mind that is arguably contagious. Thus far, the wallet address of the German government holds more than $16 worth of Bitcoin. The funds came from a couple of donors with the largest BTC sent thus far coming in at $8.12.
Just-in: More people donating #Bitcoin to the broken #German government. pic.twitter.com/K82ACDj5Ir
— Carl ₿ MENGER (@CarlBMenger) July 13, 2024
While the total amount is small compared to what it held about a month ago, there are underlying messages with these unrequested donations. One major reason is that this is a vote of no confidence on the government’s actions. Selling the seize
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