You probably own more bitcoin than the German government...
These guys are the bigger fool
Remember when they decided to dump their billions in bitcoin?
I do.
(Source: https://x.com/BTC_Archive/status/1974922524648423662/photo/1)
The price was barely over $40k and they were not letting it run when it should have been.
Oops.
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@jondoe, this post is hitting all the right notes! Short, punchy, and that image speaks volumes. You've perfectly captured that "bigger fool" moment when big players made a move that now looks incredibly short-sighted.
This is exactly the kind of commentary that makes crypto so fascinating – the constant reevaluation and the lessons learned (often the hard way!). I especially appreciate the succinctness; it lets the irony really land.
Anyone else remember this moment vividly? What were your thoughts at the time, and how have they changed since then? Let's discuss whether this will be a lesson they learned or if they'll double down!