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190 points aorloff | 1 comments | 04 Jul 25 18:41 UTC | HN request time: 0.205s | source

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jedberg ◴[04 Jul 25 19:09 UTC] No.44467086[source]▶

If you have $8B in BTC, is there any reasonable way to turn that into any fiat currency? USD, EUR, anything? Can you even buy that much USDC?

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1. bgwalter ◴[04 Jul 25 19:17 UTC] No.44467128[source]▶

>>44467086 #

If the Bitcoin Sovereign Wealth Fund scam that was announced after Trump's election is launched, there will be a price bottom that is financed by public funds.

I'm not sure what has come of it. Trump is doing well with his own coins:

https://www.reuters.com/business/finance/uae-fund-buys-100-m...

https://www.bloomberg.com/news/features/2025-07-02/donald-tr...

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Sleeping beauty Bitcoin wallets wake up after 14 years to the tune of $2B