Germany’s $2B Bitcoin Blunder: Premature Dump Costs Taxpayers Astronomical Gains
Berlin’s bureaucrats just demonstrated why governments shouldn’t play crypto trader. Their ill-timed Bitcoin sell-off—executed right before the market ripped upward—left billions on the table. Talk about a masterclass in buying high and selling low.
The treasury’s paper hands: Officials liquidated 50,000 BTC at $30k in early 2024, only to watch prices triple within months. That’s enough lost profit to fund Germany’s famed autobahn repairs for a decade. Maybe next time they’ll HODL like the rest of us degenerates.
Bonus finance jab: Meanwhile, BlackRock’s Bitcoin ETF quietly passed Germany’s GDP in market cap last Thursday. But sure, keep trusting central banks.
Bitcoin Market Patterns Suggest Another Consolidation Phase May Be Near
Arkham’s founder, Miguel Morel, criticized the sale strategy, calling it rushed and poorly executed. He noted that spreading sales across multiple exchanges pointed to a scramble for fast exits rather than price efficiency.
Speculation over the government’s offloading had already begun in June 2024, when a wallet associated with the BKA moved 6,500 BTC. The market dipped during the sell-off phase but recovered swiftly once the wallet was empty, suggesting that investor anxiety over more dumping had weighed on prices more than the actual volume sold.
Germany’s decision now stands as a cautionary tale of institutional missteps in crypto markets—where timing remains everything.
