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

(www.marketwatch.com)
189 points aorloff | 1 comments | 04 Jul 25 18:41 UTC | HN request time: 0.204s | 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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nandomrumber ◴[04 Jul 25 19:17 UTC] No.44467126[source]▶
Loans using the BTC as collateral.

Buy good / commodities with BTC and resell them.

Sell the BTC.

Probably not all $8 gigadollars at once, but is there any reason you would immediately need that much?

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jedberg ◴[04 Jul 25 19:21 UTC] No.44467147[source]▶
> but is there any reason you would immediately need that much?

Because you worry that BTC will crash and want it in something more stable?

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1. nandomrumber ◴[04 Jul 25 21:18 UTC] No.44467960[source]▶
Well, one way to lower the price would be to put eight billion on the market all at once.