Oddbean new post about login | logout The German government has lost half-a-billion EUR in just one week as a result of their Bitcoin sale. 👏 👏 https://image.nostr.build/45bda97fcb0fbd5d5c863a065f23c95542651dbcfd535d2287c33584b691ce23.png
Who knows where price would have been or would be today without their selling. Price today could be much higher
The market didn't even notice that Germany was there. The price correction started weeks before their sale and they literally sold at the bottom.
I would rather say that Germany has lost 50000 bitcoin. Around the euro it's not bad just press new ones.🤣
True. Plus we can be grateful that they've returned those coins to the market. I mean, it's not like there is a huge supply of Bitcoin 😉
wow good job germany https://media1.tenor.com/m/6QQkkyz3kk4AAAAC/hfsp-have-fun-staying-poor.gif
that's not how markets work. it just would have meant they caused the dip this week instead....
That's how burning a 500 Million hole into your treasury works. 50k BTC are always 50K BTC and no, they didn't cause a dip. The market barley noticed that they were there.
