🆘After the German government's $3B, comes Mt. Gox's $8B, followed by the US Gov's $14B!🆘
If you are a beginner and can't make sense of the charts, always rely on your common sense! ✅ What does this mean now?
1. In the first image, you can see how the German government's bitcoin sales have influenced the price on a daily basis. This totaled 50,000 BTC, worth about $3 billion. ‼️It's very important to note that the German government didn't purchase these coins; they acquired them through confiscation, essentially for free. It's also crucial to mention that legally, the prosecuting office of the respective state had no other choice; the law requires this in such cases.
2. In the second image, you can see the Mt. Gox wallet, which still holds over $5 billion, and the direct disbursement of the already allocated $3 billion to the affected parties has not yet begun. ‼️Again, it’s important to note that the liquidator is legally obliged to complete the compensation by October 31, so the entire amount will be distributed by then.
3. In the third image, you can see the US government’s wallet. This wallet contains coins seized from Silk Road, so they also acquired them through confiscation, just like the German government.
‼️And the bad news is that they are legally required to sell these coins. Accordingly, this wallet has also started showing activity a few days ago.
🆘🆘🆘What does this $8 billion + $14 billion mean after the German government’s $3 billion selling wave? Tsunami!🆘🆘🆘
To give you an idea of how enormous this amount is, I included the value of the -binance wallet in the fourth image!
Please think and don't be a dinosaur!🦕🦖
$BTC #MtGox #USGovernment
#tsunami #Germangovernment
#Bitcoin❗
