[The German government's sale of Bitcoin is revealed] The speed of fiat currency depreciation from the perspective of the euro's depreciation
Dear cryptocurrency enthusiasts, hold on to your stools, something big is happening! 👀💥
Did everyone read yesterday's news? The German government did sell Bitcoin in the spot market, and today, they even transferred 3,100 Bitcoins to the exchange in just one hour! This is not a small amount, it is worth $178 million! 😲
To delve into the logic and meaning behind it, we need to learn some background knowledge. Let's take a look at the following chart, which records the changes in the purchasing power of the euro from 2000 to 2020, a full 20 years. 1 euro in 2000, by 2020, only had a purchasing power of 1.4 euros. To put it bluntly, the euro has depreciated by 40% in these 20 years! 📉
It was like this before the epidemic. Can you imagine how serious the depreciation of currency value will be after the epidemic, when central banks around the world are flooding the market with money? 🌊
Then, let's go back to the German government's selling of Bitcoin. In the context of currency depreciation, they chose to exchange Bitcoin for Euros. Is this logic... a bit confusing? 🧐
But we all know that Bitcoin is digital gold and a weapon against inflation. In the tide of currency depreciation, it stands to reason that holding Bitcoin is a wise move. But is there any inside story of the German government's operation that we don't know? 🤫
Is it fiscal pressure? Economic policy adjustment? Or other strategies that we can't guess? 🔑The specific reasons may only be known by people within the German government!
However, don't worry, although we are not insiders, we have patience and curiosity. I believe that time will give us the answer🕰️
Before that, all we can do is stay vigilant and continue to observe market dynamics. Perhaps the next market turning point is waiting for us not far away! 🔍
