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

(www.marketwatch.com)
213 points aorloff | 3 comments | 04 Jul 25 18:41 UTC | HN request time: 0.526s | 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?
replies(10): >>44467126 #>>44467128 #>>44467150 #>>44467214 #>>44467394 #>>44467666 #>>44470025 #>>44470379 #>>44471100 #>>44477126 #
yieldcrv ◴[04 Jul 25 19:30 UTC] No.44467214[source]▶
yes, that’s why the exchanges are nearly $100bn companies

between multiple corporations buying $1bn per week, retail, and nation states, there is a large appetite for this amount with a few phone calls

replies(1): >>44467936 #
1. paulpauper ◴[04 Jul 25 21:14 UTC] No.44467936[source]▶
nah, they are worth that much because of inflated valuations
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2. FabHK ◴[05 Jul 25 06:36 UTC] No.44470557[source]▶
Yes. And note that Coinbase for example charges retail around 1.5% or so on average, but only a few basis points to institutional clients last time I ran the numbers. Surprise.
3. yieldcrv ◴[06 Jul 25 19:29 UTC] No.44483311[source]▶
a standard that applies to everything you respect as well

Bringing us full circle back to the utility of the signal