German law enforcement seized over 50,000 bitcoin (worth over $2 billion at the time) while busting a movie piracy site earlier this year. Now the government is liquidating so much crypto at such a fast pace that the price of bitcoin is dropping in response. It’s not helping that Germany’s sell-off coincides with repayments to creditors (in crypto) by the Mt. Gox bankruptcy estate.
  • Alphane Moon@lemmy.worldEnglish
    5·
    1 month ago

    I guess we’ll find out how “deep” buttcoin markets are.

    The one interesting thing is that the most recent ATH event has not had any mainstream hype. No one really gives a fuck that buttcoin hit a new ATH. And the butters also seem to have given up on shilling about use cases and transforming the financial system etc. This is a good sign.