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Thought experiment: If all bitcoin holders redeemed their bitcoin for US dollars, would this affect the "price" of bitcoin, i.e., the value of bitcoin in US dol
by 1vuio0pswjnm7 2y ago
Thought experiment: If all bitcoin holders redeemed their bitcoin for US dollars, would this affect the "price" of bitcoin, i.e., the value of bitcoin in US dollars. If yes, how, i.e., up or down.
- Volundr 2y agoIf all Bitcoin holders sold their Bitcoins, who is buying? You need to have a counterparty to the transaction. If everyone is liquidating an asset, it's price will be zero, as no one is buying.