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

(www.marketwatch.com)
189 points aorloff | 2 comments | 04 Jul 25 18:41 UTC | HN request time: 0.478s | source
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jedberg ◴[04 Jul 25 19:09 UTC] No.44467086[source]▶
If you have $8B in BTC, is there any reasonable way to turn that into any fiat currency? USD, EUR, anything? Can you even buy that much USDC?
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1. pawelduda ◴[04 Jul 25 19:22 UTC] No.44467150[source]▶
Sure you can. If you do it over a few months, it will get absorbed by market because there are buyers (as of today). Though this is kind of unprecedented, so markets could find this kind of event bearish and front run your sells which tanks the price. But I can't imagine I'd care if I held for 14 years. There is also USDT which is much bigger than USDC.
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2. diggan ◴[04 Jul 25 20:24 UTC] No.44467598[source]▶
Also if you approach Coinbase/Kraken/$exchange and tell them you have X million to offload, they'll probably let you do it off-market, so no one (except for the ledger, obviously) would really notice.