The German government owns around $2 billion in bitcoin — and it’s freaking out crypto investors



The German government owns around $2 billion in bitcoin — and it’s freaking out crypto investors

https://www.cnbc.com/2024/07/08/germany-owns-2-billion-in-bitcoin-btc-its-freaking-out-investors.html

by HolidayBlueberry4688

12 comments
  1. Haha, they really think our government has actually a plan?

    You probably haven’t been up-to-date for the last 30 years when it comes to politics in Germany.

  2. How is this not a welcome dip if they know the exact supply being put on the market?

    Or is the bitcoin exit strategy now to get countries to create bitcoin reserves to create new demand?

  3. Correction, it’s three billion since the bitcoin value increased from 40k to 60k since they seized it.

  4. This is fake news. Misleading as fuck. The German federal government doesn’t own shit. It’s like claiming that the US feds hit it big, because Kentucky recovered a lot of BTC this year. It’s the exact same shit.

  5. This direct sale is quite unusual. They usually get auctioned off, so you can sometimes buy Bitcoins for below market value and sell them for an instant profit if you actually know when and how to participate in those auctions.

  6. Clickbait crap. Its not freaking anybody out. The value and amount of Bitcoins is laughable.

  7. They already sold most of it though, first in the open market which had a negative impact as it dried up a lot of available liquidity and got a worse price for it, but they have since moved volume to a liquidity provider / market maker. Imho, this is old news

  8. The German government sometimes freaks me out, too. But that has nothing to do with crypto.

  9. A currency which was created to be decentralized is ironically becoming increasingly centralized. Wow. Capitalism knows no bounds. Whenever there’s an opportunity to seize, it’ll expand it’s malevolent influence over society.

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