💥 Did You Know? Germany Sold Bitcoin and Lost Billions: A Historic Missed Opportunity! 🇩🇪💰
Between June and July 2024, the German government sold about 49,858 BTC — seized from the former Movie2k platform — at an average price of $57,900 per unit. In total, the operation yielded approximately $2.9 billion 💵.
The strategy seemed good at the time, but a few months later, Bitcoin skyrocketed to over $120,000 🚀. If Germany had held on, the additional profit could have reached $2 to $3 billion 📈 — a strategic mistake that went down in the history of public finance.
💡 Why sell?
The government opted for a quick liquidation to turn digital assets into immediate liquidity, likely aiming to cover expenses and avoid volatility. But in the crypto world, timing is everything ⏳.
📊 The impact on the market
Large government sales typically pressure prices in the short term. Still, the programmed scarcity of Bitcoin (only 21 million units will ever exist) tends to favor those who hold the asset longer.
🔮 Final lesson: Holding may hurt in the short term, but can yield fortunes in the long run. Germany chose liquidity… and missed out on the halving party. 🥂
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