> “Good luck cashing out those millions!” cashes out hundreds of millions I'm helping a non-tecchie with the technical details (she bought Bitcoin years ago,

> “Good luck cashing out those millions!” cashes out hundreds of millions I'm helping a non-tecchie with the technical details (she bought Bitcoin years ago, stored them on a Ledger with the help of someone, has no idea how to safely get them out / how to update her Ledger / etc.) and there's some truth to what you say but... In the EU at least it can be very difficult to cash out any sizeable amount. 10 K? Sure, fine. 10 millions and more? You go to a private bank and they'll be very interested in helping you out. But you have anywhere from a few hundred Ks to 2 or 3 millions: that's too small of a fry for a private bank and way too scary for people doing KYC/AML at regular consumer banks. I'm literally talking about banks kicking people out as soon as they mention they have 1 million+ in crypto. Put it this way: it's easier to cash out hundreds of millions than it is to cash out one million. It's all people working in banks/finance/funds around me and that subject comes out often. There are people who manage to cash out but there also people having lots of issues. Cashing out a sizeable amount is doable but it can definitely be very complicated. At least in the EU. P.S: btw I'm talking about ordinary people who did absolutely nothing wrong: they just made an ultra speculative (but legal) investment in Bitcoin and/or shitcoins which, on paper, paid off.