Replying to Avatar BoomTown

Has there been any discussion here focused on the WHY in why Germany was selling their bitcoin? What’s the motive? What’s the angle? What’s the interest? What’s the incentive?

What I think I know:

(1) the bitcoin sale was a very public action

(2) basic analyses would suggest now is a terrible time to sell for profit

(3) it wasn’t done gradually over several weeks…executed more like a liquidity test

(4) European elections in France & UK effectively the same week as the sale

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Manbyt 1y ago

I think the WHY is because they don’t understand Bitcoin. They are still thinking in fiat terms with a high time preference. Game theory playing out, government playing themselves out of power.

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