According to the on-chain data, the German government is selling the bitcoins it holds. Some people say that the market has plummeted as a result. Is this true?

First of all, on-chain data will not lie. The German government is indeed selling bitcoins. However, the total amount of bitcoins sold by the German government so far is about 200 million US dollars. This amount cannot cause a large fluctuation in the price of bitcoin, and the reason for the market decline cannot be attributed to the German government selling bitcoins.

So what does the German government's sale of bitcoins mean? Does it mean that the bull market will end early? Or is the German government not optimistic about bitcoin?

The answer is that it means nothing. The government has its own decision-making mechanism. In this decision-making mechanism, the price factor of bitcoin is only secondary. The German government will sell it no matter how much the price of bitcoin is. Of course, there are also voices of opposition among Germans. For example, a German congressman publicly stated on social media that the German government's sale of bitcoins is short-sighted. They should learn from the United States and regard bitcoin as a national strategic reserve.

The German government holds a total of about 40,000 bitcoins, about 2.5 billion US dollars. Frankly speaking, even if the German government sold all of the 2.5 billion in July, the impact on the Bitcoin market would be limited. The market decline has its own logic and does not have to be confined to a specific reason.

For friends who have not yet entered the market, now is a very good time to enter the market. Put aside your fear and get on board bravely. The market is about to be cleaned up and a big surge is coming. Believe it or not

#德国政府转移比特币 #BTC走势分析 #Mt.Gox将启动偿还计划