Historical mistake: England sold gold in 1999 and Germany sold BTC in 2024?

[buwaytress]

Too lazy to read the entire picture but I always thought too much importance given to such selloffs (I mean, 50k? What's that but a minute drop). Why aren't people looking instead at why they're selling? Or what's it going to be used for?

I had to liquidate in 2020, just as price was recovering to 2017 highs. Market perspective only, I made a mistake. A year later, a new ATH. And then we had new ATHs recently. But I sold mine to fix some immediate issues. Got me to where I am today in my private life. Had I not sold, and not solved that issue, I'm certain my life would not be better today, Bitcoin or no Bitcoin.

That coin was an asset for them, unexpected revenue you can call it, since it was confiscated. It's not the birds in the bushes, but the one in your hand, when it comes to state revenue sometimes.

[serjent05]

• Do you think the German government's BTC sell-off was a historical mistake?

No, how could it be a mistake when all they do is follow the country's law liquidating assets involved in criminal activities.  Besides, the government got the BTC for free, selling it would be a profit for the institution and would someone thinks that it is a mistake to liquidate free BTC to be used for government activities?  I believe only greedy people think that way.

• If you could help the German government make a decision, would you like to turn this 50K BTC into a national reserve?

Its a free money why not?  Besides, when it comes to government, decisions must be bound by laws.  If the government law states that confiscated criminal funds or assets should be liquidated then there is nothing to do here but follow that law.

• Do you continue to believe in BTC price growth opportunities in the near future to become an extremely valuable asset in the economy?

The Bitcoin market/cryptocurrency industry is still young at a decade+ old.  The market is yet to be saturated even though majority of the supply was mined.  Being the market not saturated means there is a lot of room for the Bitcoin market to grow.  Although, it is too early to say that Bitcoin will be an extremely valuable asset in the economy, at least for now we can see that the Bitcoin market is progressing...[/list]

[Franctoshi]

This could be the government of Germany lack of proper understanding of Bitcoin, because I wouldn't see reason for a government who has got a better knowledge about Bitcoin to have sold such an amount of Bitcoin, Taking El Salvadors government for example who adopted Bitcoin as a legal tender in the past couple of years has kept increasing their Bitcoin portfolio, well just as many have said,  I think this could be as a result of how the Bitcoin got into their hands.

[Jating]

I would like to know your opinion on this issue:

• Do you think the German government's BTC sell-off was a historical mistake?
• If you could help the German government make a decision, would you like to turn this 50K BTC into a national reserve?
• Do you continue to believe in BTC price growth opportunities in the near future to become an extremely valuable asset in the economy?

I wouldn't consider any sell of government's BTC a historical mistakes, I mean it's their own decision, and by that time, they couldn't care of what the price will be, as long as they are going to offload it and have the money, then good for them. And perhaps they don't think that Bitcoin could be a hedge or a reserved that's why government around the world are selling it.

Nah, as I have said, no one think that Bitcoin could be a national reserved, they will still to the old and traditional Gold.

Of course, as a Bitcoin enthusiast, we have been in the market and witness several halvings already, Bitcoin is going to be a valuable assets to us. Although global adoption is slow, but it doesn't matter. The aim here is to be inside the market, be an early adopter, similar to those who have been in the market in the beginning. And at least you have the advantage from those who will going to enter in the latter stage.