Hi All - Thoughts on the recent buyback from Germany? Do you think they realized that maybe it wasn't a good idea to get rid of one of the hardest assets on earth for fiat? Maybe there is a change in sentiment after further dialogue and discussions about Germany's treasury strategy. Would love to hear some thoughts on this!
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31 sats \ 1 reply \ @memeverse 6 Jul 2024
I understand that they need the money to balance the state budget, but if they understood more about the crypto sector they might never have thought of putting all those BTC on the market.
If I'm not mistaken, they own over 44K of them.
However in the traditional exchange no institutional body would act like Germany, it would be illegal and considered market manipulation.
Instead it seems that in the crypto market anything is possible... maybe.😉
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20 sats \ 0 replies \ @galt 7 Jul 2024
Balance the budget, best joke of the day!
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22 sats \ 0 replies \ @DarthCoin 7 Jul 2024
Why would I care? Fuck them, this is good for bitcoiners.
MORE SATS FOR ME
https://m.stacker.news/38535
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22 sats \ 1 reply \ @Coinsreporter 7 Jul 2024
What I feel is that they have actually manipulated the market. Germany knew that if a sentiment grew in the market, the prices would crash. That happened and they got it much cheaper! It was a bluff played by them!
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0 sats \ 0 replies \ @SatsMate OP 7 Jul 2024
Germany playing as the daytrading degen haha
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21 sats \ 1 reply \ @16d86e9daa 7 Jul 2024
There is ongoing dialogue and coordination among countries and international organizations to address cross-border regulatory challenges related to cryptocurrencies
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0 sats \ 0 replies \ @SatsMate OP 7 Jul 2024
On and offramps alongisde chain analysis give them most of the tools they need.
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