0 sats \ 0 replies \ @Bell_curve 12 Jul \ on: Germany's Bitcoin Sell-Off Almost Over bitcoin
Not sure why, but I haven't seen any comparisons between Germany's current sale of BTC, and the 1999-2002 sale of national gold reserves by the UK/Gordon Brown (average sale price: $275 per ounce). Maybe it's ancient history for traders at this point. But in terms of outcomes, the potential parallels are striking.
After the UK sold its gold between 1999 and 2002 the price of Gold went up ~600%
Germany selling billions in #Bitcoin will become an even bigger regret.