Hartmannsgruber, who regularly advises politicians and authorities as a member of the board of directors of the German Blockchain Bundesverband eV, stressed that there is no such thing as perfect timing, but specifically argued that the sale should not have taken place “at the same time as the Mt. Gox lawsuit announced the release of up to 140,000 bitcoins, worth around $7.7 billion, to the market.”
Hartmannsgruber also called on authorities to provide sources to back up their claims.
“Less than 1% of Bitcoin’s market volume is regularly traded over-the-counter (OTC) and has no direct impact on Bitcoin’s price.”
“On July 8, 2024, 16,309 BTC was sold, worth approximately €830 million, but this situation may not be the case. The sale of 16,300 Bitcoins in one day could have a significant impact depending on the circumstances.”
