🔍 Is the German government's sale of Bitcoin really the reason for the market crash?
First of all, the data on the chain will not lie, and the German government is indeed selling Bitcoin. But as of now, the total amount of Bitcoin they have sold is about 200 million US dollars, which is not enough to cause a large fluctuation in the price of Bitcoin. Therefore, the market decline cannot be attributed to the German government's selling of coins. So what does the German government's sale of Bitcoin mean? Does it mean that the bull market ends early or they are not optimistic about Bitcoin? The answer is neither.
The government is a complex bureaucratic system with diverse decision-making mechanisms, and we don't know their specific considerations. What I am very sure of is that the price of Bitcoin is only a secondary factor. No matter how much the price is, the German government will sell it because it is a set decision. Of course, there are also opposing voices. For example, a German parliamentarian publicly stated on social media that the German government's sale of Bitcoin is short-sighted and they should learn from the United States and use Bitcoin as a national strategic reserve.
The German government holds a total of about 40,000 Bitcoins, worth about 2.5 billion US dollars. Even if all of them are sold in July, the impact on the market will be limited. The decline of the market has its own logic, and there is no need to stick to a specific government behavior. For those who haven't entered the market yet, now is a very good time to enter. Let go of your fear and get on board bravely!
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