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I think the other factor to consider is that once you try to sell $200B worth of Bitcoin, the value of Bitcoin suddenly drops to near zero (due to supply/demand
by buzzert 2y ago
I think the other factor to consider is that once you try to sell $200B worth of Bitcoin, the value of Bitcoin suddenly drops to near zero (due to supply/demand).
- mikhailfranco 2y agoWhich is also why all those company market caps you see quoted everywhere are totally ridiculous. A company is not worth the latest price of a small share transaction multiplied by all the outstanding shares.
- Dylan16807 2y agoThere's enough depth in the stock market to make company market caps pretty real. If you had a big chunk of a company, you could sell it for close to the trading price. I'd be shocked if you couldn't get half, as a nice round example number. I would not be shocked if trying to sell $200B in bitcoin gets you far less than half.