ARE YOU WORRIED ABOUT US

GOVERNMENT BTC DUMP?

 

A FEW HOURS AGO, IT WAS REPORTED THAT THE US GOVERNMENT WILL SELL

$6.5 BILLION WORTH OF BTC.

 

HERE'S WHY IT'S A FAR-FETCHED FUD 👇 

 

1) BITCOIN MARKET IS WAY BIGGER 

 

IN 2024 ALONE, $379B OF NEW CAPITAL ENTERED INTO BTC 

 

$6.5B SELLING COULD BE EASILY ABSORBED WITHIN A FEW DAYS

 

2) MARKET HAS PRICED IN

 

AFTER THIS NEWS CAME OUT, BTC DROPPED $700, AND SINCE THEN IT HAS STABILIZED 

 

IT SEEMS LIKE BIG ENTITIES ALREADY HAD THIS INFORMATION IN ADVANCE, AND THE DUMP FROM $102K TO $95K WAS TO PRICE IN THIS FUD.

 

3) SELLING WILL BE VIA OTC

 

UNLIKE THE GERMAN GOVERNMENT, WHO SOLD THEIR BTC ON EXCHANGES, IT'S HIGHLY LIKELY THAT $6.5B WORTH OF BTC SALES WILL BE VIA OTC

 

IN A NUTSHELL, I THINK THAT PEOPLE ARE OVERESTIMATING THE IMPACT OF THIS SALE. 

 

AS USUAL, RETAIL WILL PANIC SELL ONLY TO BUY HIGHER IN THE COMING MONTHS.