Germany: Police seize bitcoins worth €2 billion
Germany: Police seize bitcoins worth €2 billion
www.dw.com Germany: Police seize bitcoins worth €2 billion – DW – 01/30/2024
German authorities have seized 50,000 bitcoins, worth some €2 billion, in what could be the largest seizure to date in the country.
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If this sounds like a big number, keep in mind this is roughly 0.02% of the Bitcoin in circulation. The eventual total supply of BTC is 21 million BTC. Bitcoin’s market cap is around 800 billion USD, which puts it in the top 25 countries by GDP. Next to switzerland, bigger than Norway, Sweden, Vietnam or Israel. (GDP isn’t the same as market cap, just trying to give an example for scale).