🤯 DISASTER IN GERMANY! 📉 The German government loses MORE THAN USD 2.3 BILLION by selling 66,562,213,664 "CHEAP"! 🤦‍♂️💸

Attention, crypto and money lovers! 📢 The government of Germany, the economic powerhouse of Europe, has just made an epic mistake that cost them a fortune. According to the blockchain intelligence firm Arkham, they sold their reserve of 55,554,596,232 in the summer of 2024 for an average price of $57,900! 😱 And now, with Bitcoin above $104,700, that decision has cost them dearly: a missed opportunity of over $2.3 billion! 💸💔 The wallet labeled "German government (BKA)" got rid of almost 50,000 BTC, valued at over $2.89 billion at that time! If they had held on a little longer, that same amount would now be worth $5.24 billion! 🤑🚀 34,054,220,859 has risen more than 80% since its sale!

It is believed that those Bitcoins were seized from the operators of a pirate movie site called Movie2k. But, according to Miguel Morel, founder of Arkham Intelligence, the German government's transactions were not optimized for the market. It seems they simply went to several exchanges and started selling without thinking much about the impact! 💨 Morel suggested that their goal was "to obtain as much liquidity from each order book as possible," indicating a rushed sale. The good news is that the German government's massive sale may have contributed to the downward trend of Bitcoin at that time, but once they ran out of BTC, the price rebounded strongly above $60,000! 🎉 So, in a way, their "mistake" eliminated uncertainty for other investors.

🤔 Do you think governments should have teams of cryptocurrency experts to manage their digital assets and avoid multimillion-dollar losses like this?

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