We may think that the German government made a mistake in selling their seized Bitcoin assets for $55k.
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The German government doesn't care about the price, they are eager to liquidate the 50,000 BTC to make it fiat money because it is free money after all.
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So now, I understand why the German government has decided to sell at that price, most probably that was their goal price, and selling at profits is always a profitable move.
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The German Government might not maximize the return by holding Bitcoin, but what if the money they get are used for invest in something that grows bigger than Bitcoin? no one knows.
German government selling off their bitcoin as of that time really had effect in the market because many will assume that what would make the government of such a big country result to selling off their bitcoins when it was in dip, could they have foreseen something to have taking that decision?
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That's what risk taking is like, when they sold at 55 thousand dollars, they probably thought the price would go down.
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And it is possible that the German government is selling its bitcoin on a court order or there are rules that must sell faster to deal with criminals.
It's incredible that none of you read anything except the title and maybe the first post, because you all continue to claim that the German government is stupid and that it lost a lot of money because it sold BTC. All this after
a post explaining everything, congratulations on your success in ignoring the facts👎