Against the backdrop of a bearish trend influenced by recent government actions in Germany, billionaire entrepreneur and founder of Tron (TRX), Justin Sun, has put forth an intriguing proposal.
Sun has expressed interest in purchasing Bitcoin (BTC) from the German government through over-the-counter transactions to mitigate any potential negative impacts on the Bitcoin market.
In a statement, he shared:
“I am willing to negotiate with the German government to buy all Bitcoin available on the market, aiming to minimize adverse effects on the crypto market.”
Read more:
Over the past month, crypto whales have accumulated over $30 billion worth of Bitcoin amidst a series of sell-offs. The German government’s substantial acquisition of Bitcoin has further deepened the bearish sentiment.
This billionaire’s proposal could positively influence market sentiment and provide a stable solution for the government to dispose of its holdings of Bitcoin.
