One of the opinions regarding recent sales of #Bitcoin by Germany
“The German government isn't just selling its confiscated bitcoins to get a few extra billion dollars in the bank. It's pocket change to them.
This is a test. They want to assess the financial stability and security of Bitcoin by checking how much “real” demand there is. Hint: not that big!
Considering that BTC is down almost 25% since they first started, and almost 48% of orders are rejected due to insufficient buyers, it is safe to say that Bitcoin is failing the test.
But we already knew that this would happen. It's not news that this entire market is supported by fraudulent Chinese exchanges and stablecoins."
