Against the backdrop of a bearish trend influenced by recent government actions in Germany, billionaire entrepreneur Justin Sun has put forward an intriguing proposal. Justin Sun, founder of Tron (TRX), expressed readiness to acquire Bitcoin (BTC) holdings from the German government through an over-the-counter transaction to mitigate potential negative impacts on the Bitcoin market. In his statement, he shared:
“I am willing to negotiate with the German government to purchase all BTC off-market to minimize the adverse impact on the crypto market.”
Read more:
Over the past month, crypto whales have accumulated over $30 billion worth of Bitcoin amid a series of sell-offs, further deepening bearish trends. This billionaire’s proposal could positively influence market sentiments and provide a stable resolution for the government to divest its BTC holdings.
