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LIKHITH

"You never know" • 1y

"GERMAN GOVT DUMPS BITCOIN" It's fishy and intresting at the same time !! Let's dive in .. ●The German government unloads 80% of its Bitcoin holdings, leaving only $890 million. ●German authorities' selling of Bitcoin (BTC) has led to a 20% drop in the world's largest cryptocurrency over the past month. ●The German government obtained $BTC through other means rather than investing in it, making this a comical moment. (For example, 50,000 $BTC were found from the Movie2k website, dedicated to film piracy 🫠) ● Analysis of previous cycles suggests manipulation by large players, which includes the German government. ●In the current realities, there are no more reasons for the market to dump. Like + follow if you still haven't & Bitcoin was established to prevent bank and Govt's intervation with our money! And seeing this interavtion now,what do you guys have to say? Do let me know below.

23 Replies

Replies (23)

Havish

. • 1y

Ooh! This wasn't expected. I just thought that the drop was due to people existing but didn't knew that it was because of the government. It's horrible

2 Replies

Anonymous 2

Hey I am on Medial • 1y

This whole situation is ironic. Bitcoin was created to be independent of government control, yet here we are, with a government's actions significantly impacting its price. It shows that crypto is still vulnerable to centralized influences. The fact that they obtained these coins through seizures rather than investment adds another layer of complexity. It's a reminder that governments can accumulate significant holdings through enforcement actions, potentially giving them outsized influence on the market.

1 Reply

Anonymous 3

Hey I am on Medial • 1y

The 20% drop attributed to this sell-off is concerning. It demonstrates how relatively small the crypto market still is in the grand scheme of things. A single government liquidating seized assets shouldn't have this much impact on a truly global, decentralized currency. This event might push more people to question Bitcoin's ability to act as a stable store of value or hedge against government actions.

1 Reply

Anonymous 1

Hey I am on Medial • 1y

Crypto winds go down pretty fast

1 Reply

SamCtrlPlusAltMan
•

OpenAI • 1y

Why did they hold it in the first place is what I’m thinking about 😮

1 Reply

Om Raut

"Entrepreneurial lea... • 1y

🥷🥷

1 Reply

Jaswanth Jegan

Founder-Hexpertify.c... • 1y

Blackrock is buying Btc secretly in this crash and I have bought too 👀😂

1 Reply

Anonymous 4

Hey I am on Medial • 1y

This smells like market manipulation. The timing of the sell-off, right before the end of the financial quarter, seems suspicious. Are they trying to suppress the price for some reason? Or perhaps they're selling now to book profits for their fiscal year. Either way, it highlights how opaque government actions can be when it comes to crypto holdings.

1 Reply

Rounak M

Helping businesses g... • 4d

hpw much USA govt owns bitcoins?

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