Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Germany’s much-publicized Bitcoin seizure campaign has come under fresh scrutiny after blockchain analysts revealed that nearly $5 billion worth of BTC has remained untouched. The finding raises intrigue within the crypto community, as questions swirl over whether the funds are lost, frozen, or simply being held in reserve. Why The Coins Remain Untouched
In an X post, Elite KOL Crypto Patel, who is also associated with CoinMarketCap and Binance, has highlighted that Germany’s Bitcoin crackdown has encountered a major roadblock. Blockchain analytics firmArkham has revealed a massive trove of untouched BTC connected to the now-defunct Movie2K piracy site, suggesting that German authorities’ seizure efforts may have hit a wall. Related Reading Germany’s Bitcoin Seizure Program Exposed: Nearly $5 Billion In BTC Left Dormant 12 minutes ago
According to the report, approximately 45,000 BTC, valued at around $5 billion, has been sitting dormant across over 100 wallets since 2019. These coins are believed to still be under the control of the site’s original operators.
Earlier in 2024, German authorities successfully seized nearly 50,000 BTC, which were later liquidated for about $2.9 billion. However, despite that high-profile move, this new revelation highlights that a significant portion of the Movie2K fortune is still out of reach. Large BTC held by German government | Source: Chart from Crypto Patel on X
Bitcoin continues to gain notable mainstream adoption among prominent figures, institutions, and countries. Crypto expert Hashley Giles explainedthat Bitcoin is an ideal balance sheet asset for a wide range of profitable businesses of all sizes and across all industries.
In the United Kingdom, opening an e-money account is a straightforward way for companiesto gain BTC exposure without straining existing banking relationships. Accounting is also simple when businesses focus on accumulating rather than trading, removing the complexity of constant mark-to-market volatility.
Beyond ease of integration, Bitcoin offers unmatched liquidity. Companies can instantly convert BTC into pounds within seconds whenever business performance requires it, and even on weekends when banks are closed.
Compared to the ultra-low interest rates on business bank deposit savings in the UK, those with slightly better yields often require 90-day or longer notice periods before funds can be accessed. Bitcoin, on the other hand, has no notice period, making it both flexible and efficient. Maintaining Bitcoin’s Security While Unlocking Liquidity
Bitcoin has long been the most trusted digital asset. However, to fulfill its potential and truly power real economies, it requires a stable unit of account. BSquaredNetwork emphasizedthat the missing piece is U2, a BTC-backed, USD-pegged stablecoin designed to preserve Bitcoin’s security while unlocking globalliquidity. Related Reading Bitcoin Treasury Purchases Down Amid Record Holdings – What Does This Mean? 3 days ago
BSquaredNetwork’s vision extends beyond simple payments. With U2 as a stable unit of account, BTC can transform into the settlement engine for payment, decentralized finance (DeFi), and even AI-to-AI microtransactions. This innovation bridges the gap between BTC’s digitalgold properties and its potential as the foundation of the intelligent economy. BTC trading at $112,588 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Pixabay, chart from Tradingview.com