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> The transactions continue the Bitcoin (BTC) sell-off trend set by the German government since June 19 despite parliamentary members like the German lawmaker a
by bell-cot 2y ago
> The transactions continue the Bitcoin (BTC) sell-off trend set by the German government since June 19 despite parliamentary members like the German lawmaker and BTC activist Joana Cotar urging it to “refrain” from doing so.
> Cotar urged the government to stop its “hasty disposal of state-owned Bitcoin” and instead adopt a “strategic reserve currency” to shield itself against the risks of the traditional system.
If the government was selling off shares of XYZ Corp (say, as part of liquidating some tax cheater's assets to pay his taxes), then who would care? Would people who believe that XYZ Corp's stock was a can't-lose investment speak up?
Vs. if you figure that BTC is a massive pyramid scheme, with a hoard of skin-in-the-game True-ish Believers, then the motivation is obvious.