Actually, you were the bottom.
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Discussion
I think the whole thing was a good liquidity test for the Bitcoin spot market
My personal opinion is that it isn't mature enough to be taken seriously by sovereign entities yet. I'm curious to know what the German govt thought about it
It was mostly acquired through criminal seizures, right? I don't think they acquired it as an investment or financial asset.
They may have thought about it similar to how governments think about other confiscated property: "We can sell this and have more money for our dumb projects."
Of course, but surely individuals within the government would've looked at how much it has appreciated and how liquid it is and got atleast a little curious.
Have you ever worked with anyone in the government? I would not make those assumptions.
What he is describing is what an individual with something to gain would do. Government officials selling something for the government don't get rewarded for getting another 100k in fiat by timing the market. They had a task and did it. Follow the incentives.