Against the backdrop of the bearish trend influenced by recent actions of the German government, billionaire entrepreneur and founder of Tron (TRX), Justin Sun, has proposed an interesting idea.
In a statement, Sun expressed his willingness to purchase Bitcoin from the market in order to minimize any potential negative impact on the cryptocurrency market caused by the German government’s over-the-counter holdings of Bitcoin (BTC).
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Over the past month, crypto whales have accumulated over $30 billion worth of Bitcoin. The German government’s entry into the market with a significant amount of Bitcoin through a series of sell-offs has further deepened the bearish trend.
This proposal by the billionaire could have a positive impact on market sentiment and provide a stable solution for the government to dispose of its Bitcoin holdings.
