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He isn't claiming the $1b tripled bitcoin's price, just that the price tripled while they were holding $1b in coins. $1b could also triple bitcoins price witho
by eightysixfour 5y ago
He isn't claiming the $1b tripled bitcoin's price, just that the price tripled while they were holding $1b in coins.
$1b could also triple bitcoins price without the liquidity problems you're talking about because the initial purchase, done intelligently, can increase the price enough to kick-start another buying cycle (bitcoin goes up 100%, ends up on MSM news channels, people download coinbase and buy bitcoin, loop continues).