Why did Germany sell all its Bitcoin?

Germany has auctioned off Bitcoin again, but this time it's different from previous auctions as Germany auctioned off all its Bitcoin at once. It is said to be a way to clean up the treasury, selling all the Bitcoin for euros. This aligns with the belief of most countries that Bitcoin is like a bubble, easily popped.

Germans are smarter and more rational than we are; the Bitcoin auction left not a penny behind. Otherwise, like the American icon, they could have kept a portion, and who knows, if Bitcoin rises one day, they might cash in. Bitcoin is not created out of thin air; it needs mining, and miners in the Bitcoin network receive corresponding Bitcoin as a reward based on the computational power they contribute.

Bitcoin was originally invented by Americans, and the purpose of creating Bitcoin was to help launder money and simultaneously heat up the graphics card market. Since Bitcoin mining requires a large number of graphics cards, the graphics card market boomed, allowing American companies like NVIDIA and AMD to make a fortune. Nowadays, Americans still have a preference for Bitcoin because it helps launder money and enables American companies to earn more dollars.

However, good times don't last long; global regulation of virtual currencies is becoming stricter, and Bitcoin exchanges are closing down one after another, while mining operations have also been significantly impacted, leading to a decline in Bitcoin mining. The opportunities for laundering money with Bitcoin are becoming fewer, and the U.S. is likely to give up on Bitcoin altogether.

This round of auctions in Germany may have drawn inspiration from the American approach. You see, the Bitcoin auction in America has increased in price, so why don’t we auction as well and perhaps the euro can rise a bit too. However, Germans are more straightforward, leaving not a penny behind, unlike the Americans who leave a bit, which has a slightly sinister implication. What do you think?