Will the Germans regret it?
After not watching the market for more than a week, I found that the environment was familiar. The one who crashed the market changed from Grayscale to the German government. People stopped scolding Grayscale and turned to scolding the German devils for being stupid. In fact, Paperhand/Diamondhand is not only exclusive to retail investors, but also to national governments.
Let me tell you a little story from history, the famous British "Golden Bloodletting" incident:
In the late 1990s, the price of gold in the international market continued to fall. In 1999, the price of gold fell to around US$250 per ounce, the lowest level since the 1970s. The British government and the Bank of England believed that it was unnecessary to hold a large amount of gold reserves and that the diversity and liquidity of foreign exchange reserves should be increased.