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

(www.marketwatch.com)
191 points aorloff | 2 comments | 04 Jul 25 18:41 UTC | HN request time: 0.416s | 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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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

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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.