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OK, fine. The person who buys these Bitcoins at auction could cause BTC to crash on all the exchanges.

• latchkey 4y ago
  Why would someone spend a bunch of money to buy bitcoin and then crash the price? Is that like the ultimate tax loss write-off? ;-)
  • lern_too_spel 4y ago
    Who says they have to spend a bunch of money? The amount of money anybody would pay for it is the amount they could get from selling it, which is limited by liquidity. Add the fun they would get from crashing the market, and that is fair market value that these Bitcoins can get at auction.
  • kristianp 4y ago
    They could buy futures at a lower price before crashing the markets.