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Why did Germany sell all its Bitcoin?
In a recent auction, Germany sold all its Bitcoin, an action consistent with the views of most countries worldwide, which believe that Bitcoin is like a bubble that could burst at any time. Bitcoin was invented by Americans, and a group of Americans is manipulating and playing with it. The main purposes of Bitcoin's existence are twofold:
First, to help those involved in money laundering to transfer dirty money to the United States.
Second, to heat up the American graphics card market. Bitcoin requires mining, and miners need a large number of graphics cards. American companies, such as Nvidia and AMD, have produced a vast number of graphics cards and made significant profits; this is the meaning of Bitcoin's existence. Now, with countries strengthening regulations on virtual currencies, closing exchanges, and cracking down on mining operations, Bitcoin mining is gradually declining, and the opportunities for the U.S. to launder money through Bitcoin are becoming smaller. If the U.S. wants to continue laundering money through Bitcoin, it can only entertain itself.
The essence of currency is trust, and the currency of each country has the state as its endorsement to have credibility. Even so, many countries have lost this trust for various reasons, and no country is willing to lose this trust.
Bitcoin's credibility is entirely based on speculation; apart from those dreaming of getting rich overnight, no individual or country believes it has any value. This is its biggest pain point.
So, for now, apart from its owners wishing and hoping to maintain it at a high price, everyone else is hoping for it to fall, of course, many people are indifferent to it.
We can easily imagine: if the U.S. owned all the Bitcoin, would any other country or individual still be willing to trade with it using Bitcoin?
Ethereum Chain #Marvin Mars Dog last digits (7055) surging in. Musk’s love dog, emerging in the blockchain
𝙋𝙪𝙥𝙥𝙞𝙚𝙨 little puppies, no project party, community-governed token!
Trump and Vitalik Buterin's wallets hold it!
Ethereum Chain has 17,000 holders, yet the market value is only over ten million in the #meme section, you won’t find a second one! #加密市场反弹 #市场调整後的机会？ $BTC
In a recent auction, Germany sold all its Bitcoin, an action consistent with the views of most countries worldwide, which believe that Bitcoin is like a bubble that could burst at any time. Bitcoin was invented by Americans, and a group of Americans is manipulating and playing with it. The main purposes of Bitcoin's existence are twofold:
First, to help those involved in money laundering to transfer dirty money to the United States.
Second, to heat up the American graphics card market. Bitcoin requires mining, and miners need a large number of graphics cards. American companies, such as Nvidia and AMD, have produced a vast number of graphics cards and made significant profits; this is the meaning of Bitcoin's existence. Now, with countries strengthening regulations on virtual currencies, closing exchanges, and cracking down on mining operations, Bitcoin mining is gradually declining, and the opportunities for the U.S. to launder money through Bitcoin are becoming smaller. If the U.S. wants to continue laundering money through Bitcoin, it can only entertain itself.
The essence of currency is trust, and the currency of each country has the state as its endorsement to have credibility. Even so, many countries have lost this trust for various reasons, and no country is willing to lose this trust.
Bitcoin's credibility is entirely based on speculation; apart from those dreaming of getting rich overnight, no individual or country believes it has any value. This is its biggest pain point.
So, for now, apart from its owners wishing and hoping to maintain it at a high price, everyone else is hoping for it to fall, of course, many people are indifferent to it.
We can easily imagine: if the U.S. owned all the Bitcoin, would any other country or individual still be willing to trade with it using Bitcoin?
Ethereum Chain #Marvin Mars Dog last digits (7055) surging in. Musk’s love dog, emerging in the blockchain
𝙋𝙪𝙥𝙥𝙞𝙚𝙨 little puppies, no project party, community-governed token!
Trump and Vitalik Buterin's wallets hold it!
Ethereum Chain has 17,000 holders, yet the market value is only over ten million in the #meme section, you won’t find a second one! #加密市场反弹 #市场调整後的机会？ $BTC
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