Wie sich der Freistaat Sachsen dank Bitcoin entschuldet/ How the Free State of Saxony is reducing its debt thanks to Bitcoin
Seit Anfang dieses Jahres ist der deutsche Staat ein Wal. So nennen Crypto-Nerds Großbesitzer von Bitcoins. Deutschland ist einer der vermögendsten unter ihnen, seitdem sächsische Ermittler im Januar Bitcoins im Wert von über drei Milliarden Euro sicherstellten. Nun haben die Behörden damit begonnen, diese Bitcoins wieder zu verkaufen.
Auf dem Bitcoin-Konto des Bundeskriminalamts lassen sich die Transaktionen nachvollziehen: Am Montag flossen je 200 Bitcoins an die Crypto-Plattformen Coinbase und Kraken, vergangene Woche schon einmal 500 Bitcoins an deren Konkurrenten Bitstamp.
Die Geschichte des deutschen Bitcoin-Reichtums beginnt in einer anderen Ära des Internets. Bevor Streamingdienste wie Netflix nach Deutschland kamen, schauten Millionen Deutsche Filme und Serien in illegalen Streams. Eine der erfolgreichsten Plattformen: Movie2k. Die Erlöse aus Werbung und Abofallen legte die Betreiber der Plattform damals in Bitcoin an.
Ende Mai 2023 gelingt Ermittlern des sächsischen Landeskriminalamts ein Coup: Der Hauptbetreiber der Plattform wird im Ausland festgenommen. Bis Mitte Januar sitzt er in Untersuchungshaft, dann wird der 40-Jährige plötzlich entlassen. Offenbar Ergebnis eines Deals mit der Generalstaatsanwaltschaft Dresden. Der Cyberkriminelle überweist den deutschen Behörden freiwillig sein Bitcoin-Vermögen. Heutiger Wert: Über 3 Milliarden Euro.
Im April erhob die Dresdner Generalstaatsanwaltschaft Anklage gegen den Movie2k-Betreiber. Ihm werden 220.000 Urheberrechtsverstöße und Geldwäsche vorgeworfen.
Auf ein mildes Urteil darf auch der Hauptbetreiber von Movie2k hoffen, nicht aber auf Rückgabe seiner Bitcoins. Offenbar werden diese gerade häppchenweise verkauft.
Die Erlöse dürften nach Sachsen fließen
Vom Bundeskriminalamt heißt es, Erlöse sichergestellter Kryptowährung kämen grundsätzlich dem Fiskus jenes Bundeslandes zugute, in dem das verhandelnde Gericht seinen Sitz hat. Da die Staatsanwaltschaft vor dem Landgericht Leipzig Anklage erhoben hat, wäre das somit der Freistaat Sachsen.
Sollte der Verkauf der Bitcoins tatsächlich zu Erlösen von über drei Milliarden Euro führen, könnte Sachsen damit beispielsweise die Hälfte seiner Landesschulden tilgen.
Für Bitcoin-Anleger dürften die Transaktionen aus Sachsen allerdings weniger erfreulich sein. Denn die würden schon jetzt den Kurs drücken, sagt Vincent Gramlich vom Fraunhofer Blockchain-Labor.
Um sich vor Verlusten zu schützen, würden deshalb einige Investoren ihre Bitcoins schon jetzt abstoßen. "Der Bitcoinmarkt ist stärker emotionsgetrieben als Aktienmärkte", sagt Gramlich, "und reagiert deshalb besonders sensibel auf Nachrichten wie die aus Sachsen."
Natürlich ist der deutsche Staat kein Spekulant. Doch durch die Sicherstellung der Bitcoin-Milliarden ist er zu einem wichtigen Faktor am Crypto-Markt geworden, den Anleger derzeit genauestens beobachten.
Ich zitierte aus folgendem interessanten Artikel...
Die wichtigste Erkenntnis für mich: Bitcoin ist wieder in den Mainstream-Medien angekommen. Wer jetzt Interesse hat, in Bitcoin zu investieren, sollte seine Kauforder bei 60.000 Dollar platzieren und hoffen, zu einem günstigen Zeitpunkt in Bitcoin investieren zu können. Warum allerdings der Freistaat Sachsen seine Bitcoins an Börsen verkauft und nicht OTC, um den Kurs weniger zu beeinflussen, ist für mich unverständlich.
Der außerbörsliche Handel (auch Direkthandel, Telefonhandel oder OTC-Handel) bezeichnet im Finanzwesen den Handel zwischen Marktteilnehmern, der nicht über die Börse oder sonstige Handelsplätze abgewickelt wird.
English
Since the beginning of this year, the German state has been a whale. That's what crypto nerds call large owners of bitcoins. Germany has been one of the wealthiest among them since Saxon investigators seized bitcoins worth over three billion euros in January. Now the authorities have started to sell these bitcoins again.
The transactions can be traced on the Federal Criminal Police Office's bitcoin account: On Monday, 200 bitcoins each flowed to the crypto platforms Coinbase and Kraken, and last week 500 bitcoins went to their competitor Bitstamp.
The story of German bitcoin wealth begins in a different era of the internet. Before streaming services like Netflix came to Germany, millions of Germans watched films and series in illegal streams. One of the most successful platforms: Movie2k. The platform operators invested the proceeds from advertising and subscription traps in Bitcoin.
At the end of May 2023, investigators from the Saxon State Criminal Police Office pulled off a coup: the main operator of the platform was arrested abroad. He was in custody until mid-January, when the 40-year-old was suddenly released. Apparently the result of a deal with the Dresden Public Prosecutor's Office. The cybercriminal voluntarily transferred his Bitcoin assets to the German authorities. Today's value: over 3 billion euros.
In April, the Dresden Public Prosecutor's Office brought charges against the Movie2k operator. He is accused of 220,000 copyright infringements and money laundering.
The main operator of Movie2k can also hope for a lenient sentence, but not for the return of his Bitcoins. Apparently these are currently being sold in small chunks.
The proceeds are likely to flow to Saxony
The Federal Criminal Police Office says that proceeds from seized cryptocurrencies generally go to the treasury of the federal state in which the court hearing the case is based. Since the public prosecutor's office has filed charges before the Leipzig Regional Court, this would be the Free State of Saxony.
If the sale of the bitcoins actually leads to proceeds of more than three billion euros, Saxony could use them to pay off half of its state debt, for example.
For bitcoin investors, however, the transactions from Saxony are likely to be less pleasing. Because they are already depressing the price, says Vincent Gramlich from the Fraunhofer Blockchain Laboratory.
In order to protect themselves from losses, some investors are therefore already selling their bitcoins. "The bitcoin market is more emotionally driven than stock markets," says Gramlich, "and therefore reacts particularly sensitively to news like that from Saxony."
Of course, the German state is not a speculator. But by securing the Bitcoin billions, it has become an important factor in the crypto market, which investors are currently watching very closely.
I quoted from the following interesting article...
The most important finding for me: Bitcoin has returned to the mainstream media. Anyone who is interested in investing in Bitcoin now should place their purchase order at $60,000 and hope to be able to invest in Bitcoin at a favorable time. However, why the Free State of Saxony sells its Bitcoins on exchanges and not OTC in order to have less influence on the price is incomprehensible to me.
Over-the-counter trading (also direct trading, telephone trading or OTC trading) in finance refers to trading between market participants that is not carried out via the stock exchange or other trading venues.
Posted Using InLeo Alpha
!WITZ
But at some point, Saxony will complete its sales ... I hope that it pays off all the debt it can, which is good for the people, and that also the people will do what is good for themselves, and buy when Saxony is just about finished and be in position!
I am curious to see what Saxony will finance with these Bitcoin billions. Hopefully in the education of its citizens and finally renovating the schools.
The UK has even confiscated 70,000 Bitcoin this year, I'm curious to see when they will be sold.
That's a cool 380 million pounds sterling or thereabouts ... a lot depends on whether Saxony and UK use the calendar year or the fiscal year that ends June 30. If it is the FISCAL YEAR, they may just sell it out and pretty up their books for this year going out, or hold it to offset things they want to do in the next fiscal year. If the calendar year is the thing, then the same possibility may happen in December. I kind of hope that the UK follows Saxony's lead (as all good Anglo-Saxons should) and gets it over with soon so we don't have to deal with that later in the run ... but THEN AGAIN, both the UK and Saxony have people that study the charts ... they can get a better price, most likely, in December.
I think you might be right. I guess Saxony is selling some now and at the end of this year, I can also imagine that Saxony will sell some of its bitcoins next year as well.
Have you read the latest headlines? Japan is now also paying out Bitcoins from the MT,Gox bankruptcy and is also selling a certain amount of Bitcoins.
Even the USA has started selling some of its BITCOINS today
It is the end of the fiscal year -- tomorrow is the last day of business in it, because June 29-30 are Saturday and Sunday.
Doesn't the fiscal year only apply to companies?
Although there is a persistent rumour that Germany is a GmbH.
But you could be right. Because a few days ago I linked to an article claiming that the bull run starts in July.
The fiscal year applies only to companies officially, but in terms of ACCOUNTING, non-profits and governments sometimes use it. In the United States, corporations can elect their choice of the year.
Germany's GMbH corresponds to the United States's LLC: Limited Liability Company ... and, there are corresponding rumors that the U.S. is actually a corporation also. About that I can only say this: if you have heard about the Mayflower Company or Compact of 1620 ... that is indeed so. Many of the American colonies were BRITISH COMPANIES, and so when they were FEDERATED (we have state governments under a federal government), it is possible that form was retained. If I were figuring this out for Germany, I would ask what the Allies, led by Anglo-Saxons who operate in this way, insisted that West Germany do in terms of accounting in order to qualify for the money for the Marshall Plan.
What you have just written is very interesting and also confirms my opinion.
I also only know conspiracy theories, even in this official German I have not yet searched to confirm these theories.
Germany GMBH was supposed to go bankrupt in 2008 to get rid of all war debts. But it was banned by the constitutional court.
Germany is also special. The federal states of Saxony and Saxony-Anhalt were part of the Russian occupation zone at the time and the states were divided into districts.
The federal state of Lower Saxony was actually founded and Great Britain and belonged to the Allied occupation zone.
So if the fiscal year ends today then the bull run can start next week 😉
In theory ... this cycle is more or less doing what the last cycle did ... summer was quiet ... all the charting I'm seeing is saying late August at the earliest (because of old BTC consolidation patterns), late October as the outside bound. So, BASICALLY, see you in September, much like last time -- what has to happen is that all the sold Bitcoin needs to be absorbed, all the retail panic on the ETF side has to calm down, and then someone big needs to get excited about Bitcoin again... I would think things will settle through July.
Yes 25% price decline has been common in a bull market in the past. However, we have not yet seen the full 25%. I assume that the $60,000 mark is the current bottom. In addition, short positions are now running out again. Next week could be exciting.
Indeed ... a little excitement is wanted at this point!
Es käme gar einem Wunder gleich, wenn Menschen wie du und ich, die Entscheidungen, den eigenen Finanzhaushalt betreffend, mit Bedacht umsetzen, urplötzlich logisch nachvollziehen könnten, wie öffentliches Kapital verwaltet oder gar verramscht wird.
Ein Staat braucht sich darüber gar keine Gedanken machen. Ein Staat kann was Geld angeht immer aus dem vollen schöpfen . Zur Not erschafft er neues Geld. Nur dir und mir ist es verboten.
I agree with your conclusion from all this... It is important that BTC is present in the mainstream media... They are still trying to brainwash people with typical stories like the one of the BTC price dropping...
...forgetting about the fiat inflation and their debt going up every day... Anyway, there will be a certain percentage of people who watch mainstream media that will get the right message... That Bitcoin, crypto, and blockchain tech are solutions to problems and not the problem...
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Yes, anyone who reads between the lines understands that cryptocurrencies are more of an opportunity to finally start investing.
However, most people do not deal with money and will not understand what an opportunity they are missing.
Thank you for your support. If I haven't killed liotes as a Witness yet I will do it this weekend.
Yeah, but I suppose it has to be like that... We need "critical mass" to move forward, which doesn't have to be the majority... If it would be easy, everyone would do it... The winners are the bravest, the early adopters, and the pioneers!
Personally, I think it's fair that the pioneers get the highest rewards. After all, we also bear the highest risk.
We only stand out from the crowd because we do something different. If the masses thought like us pioneers, we wouldn't be anything special either 😉
It's amazing to see how Saxony is handling its debt using Bitcoin. That's one very smart move, though I wonder why they didn't opt for over-the-counter sales to avoid impacting the market price so much.
My guess is that they are deliberately selling the Bitcoin on the exchange to manipulate the prices. Today, even the US has started to sell its Bitcoin holdings.
Yes manipulation, it's sad they're bringing it to crypto too
Keep up the good work. 👏
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