Hartmannsgruber, who regularly advises politicians and authorities as a board member of the Blockchain Bundesverband e.V. (German Blockchain Association), specifically argued that the sale should not have been done “during the announcement that up to 140,000 Bitcoin worth approximately $7.7 billion from the Mt. Gox lawsuit will come to the market” even though he emphasized that perfect timing is never possible.
Hartmannsgruber also asked the authorities to point to sources behind their claim that
“less than one percent of the market volume of bitcoins was regularly traded over the counter (OTC)…having ”no direct influence on the bitcoin price.”
“This may not be the case on July 8, 2024, when up to 16,309 BTC worth approximately €830 million were sold. If 16,300 Bitcoin are sold in one day, this can have an enormous impact under certain circumstances.”
