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 liq

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.