🌐Germany's Bitcoin liquidation sparked heated discussions, Mt.Gox repayment crisis is coming, how will the crypto market respond?
Hello everyone! Let's talk about the recent German government's liquidation and Mt.Gox's repayment!
🤔Recently, the German government sold all its Bitcoin holdings at an average price of about $57,900. This move has sparked heated discussions in the market, and many people believe that the German government sold too cheaply, because the current price of Bitcoin has exceeded $63,000, and even rebounded to more than $66,000, a difference of nearly 10%. If they sell later, they may earn 10% more.
But we need to note that the way the German government obtained these Bitcoins is through the confiscation of criminal proceeds, and there is no cost pressure, so they may prefer to convert these assets into euros as soon as possible.
Although this may not be the best decision from an investment perspective, the German government may have other comprehensive considerations, so let's not over-speculate and analyze.
Now, although the German government's bitcoin sales have come to an end, the focus of the market has generally shifted to the repayment of Mt.Gox.
Many people are worried about whether this will cause the next round of selling pressure on the price of Bitcoin, and if there is a spillover, to what extent will its price fall? Although we do not have a definite answer to these questions at present, isn't it a long-term perspective that we need to focus on?
If you believe that Bitcoin is an asset that appreciates over time, then short-term price fluctuations, whether it is a correction from more than $60,000 to $50,000 or $40,000, or a sudden surge to more than $80,000, are not the most critical points. Ultimately, what we should focus on is the long-term value and potential of Bitcoin.
💡 So, stay calm and take a long-term view. Don't be distracted by short-term fluctuations, focus on your long-term investment goals, and believe that in 5 years and 10 years, you will definitely outperform most short-term speculators.
💬 Finally, what do you think of the German government's Bitcoin liquidation and the repayment of Mt.Gox? Welcome to share your views in the comment section!
