Sell BTC too early! The German government missed out on $1.6 billion, and the US government "missed the big catch".

This summer, the German government sold 50,000 BTC within two months, and the heavy selling pressure once made the encryption currency market cry out in sorrow. As a result, it missed out on this big pump market and lost $1.6 billion in earnings. However, compared to the potential gains missed by the US government, it is simply a drop in the bucket.

In order to liquidate the assets involved in the pirate movie paradise 'movie2k.to', the German government sold 50,000 BTC at an average price of $57,600 about 4 months ago, totaling $2.88 billion.

I didn't expect that in the following months, the price of BTC would rise all the way, not only returning to historical highs after the U.S. election, but also soaring nearly $10,000 on November 11, setting the largest single-day increase ever. If the German government had acted later, this asset would now be worth as much as $4.5 billion, a potential profit of as much as 56%.

The U.S. government is also "selling flying"

In fact, the German government is not the only country to have missed out on potential large gains by 'selling too early'. According to statistics, the US government has sold a total of 195,091 BTC in 11 auctions over the past 10 years, cashing in a total of 366.5 million dollars.

Based on the current coin price, the value of these BTC is now close to 17 billion US dollars, in other words, the US government has missed out on earning 16.6 billion US dollars due to early dumping.

However, Trump may adopt a different strategy after taking office. He once said that if he could take over the White House, he would never allow the US government to sell any BTC, but instead hold it for the long term, calling it the core of the 'national BTC strategic reserve'.

Republican Senator Cynthia Lummis of Wyoming later drafted a bill proposing that the US government purchase 1 million BTC, with a Market Cap equivalent to 88 billion US dollars. The bill also states that states can also purchase BTC if they wish.

She said, "Establishing BTC strategic reserves to support the US dollar with digital assets will solidify the United States' global financial leadership position in the coming decades."

However, after Trump's election, with the soaring price of BTC, the cost of 'buying 1,000,000 BTC' has become unattainable.

<Too early to sell BTC! The German government missed out on $1.6 billion, and the US government "missed the big fish"> This article was first published in "Block Client".