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If you have $8B in BTC, is there any reasonable way to turn that into any fiat currency? USD, EUR, anything? Can you even buy that much USDC?

nandomrumber 1y ago
Loans using the BTC as collateral. Buy good / commodities with BTC and resell them. Sell the BTC. Probably not all $8 gigadollars at once, but is there any reason you would immediately need that much?
- jedberg 1y ago
  > but is there any reason you would immediately need that much? Because you worry that BTC will crash and want it in something more stable?
  - PoshBreeze 1y ago
    BTC is volatile but it isn't going to crash tomorrow or any time soon at least not by the amount that would make sense to sell with a wallet this old.
    - mindcandy 1y ago
      Compared to the “Magnificent Seven”, Bitcoin’s volatility has put it in the middle, while it’s performance puts it at or near the top depending on the time window. https://www.fidelitydigitalassets.com/research-and-insights/closer-look-bitcoins-volatility https://www.fidelitydigitalassets.com/research-and-insights/... https://www.fool.com/investing/2024/03/06/bitcoin-has-been-a-better-investment-to-own-over-t/ https://www.fool.com/investing/2024/03/06/bitcoin-has-been-a...
      - lottin 1y ago
        I find it odd that someone would make a comparison between bitcoin and other financial assets, as if bitcoin was just another financial asset and its theoretical price wasn't zero... which is a pretty big market anomaly. Normally, when you find a market anomaly, you try to explain it. But these analysts, they pretend that there's no anomaly. They just don't talk about it, in the hopes that nobody will notice.
        jeanlucas 1y ago
        Well, what should they compare it to then? Good has a value much higher than its use and most of its current value is just the faith that it is a store of value. But I don't find odd comparing gold's return to s&p
        lottin 1y ago
        It could be compared to other assets in the asset class of assets that have no intrinsic value (e.g. other crypto-currencies). I think that would make sense.
  - nandomrumber 1y ago
    Well, one way to lower the price would be to put eight billion on the market all at once.
- deleted 1y ago
  [deleted]
bgwalter 1y ago
If the Bitcoin Sovereign Wealth Fund scam that was announced after Trump's election is launched, there will be a price bottom that is financed by public funds. I'm not sure what has come of it. Trump is doing well with his own coins: https://www.reuters.com/business/finance/uae-fund-buys-100-million-trumps-world-liberty-tokens-2025-06-27/ https://www.reuters.com/business/finance/uae-fund-buys-100-m... https://www.bloomberg.com/news/features/2025-07-02/donald-trump-net-worth-620-million-of-crypto-wealth-reshapes-fortune https://www.bloomberg.com/news/features/2025-07-02/donald-tr...
pawelduda 1y ago
Sure you can. If you do it over a few months, it will get absorbed by market because there are buyers (as of today). Though this is kind of unprecedented, so markets could find this kind of event bearish and front run your sells which tanks the price. But I can't imagine I'd care if I held for 14 years. There is also USDT which is much bigger than USDC.
- diggan 1y ago
  Also if you approach Coinbase/Kraken/$exchange and tell them you have X million to offload, they'll probably let you do it off-market, so no one (except for the ledger, obviously) would really notice.
yieldcrv 1y ago
yes, that’s why the exchanges are nearly $100bn companies between multiple corporations buying $1bn per week, retail, and nation states, there is a large appetite for this amount with a few phone calls
- paulpauper 1y ago
  nah, they are worth that much because of inflated valuations
  - FabHK 1y ago
    Yes. And note that Coinbase for example charges retail around 1.5% or so on average, but only a few basis points to institutional clients last time I ran the numbers. Surprise.
  - yieldcrv 1y ago
    a standard that applies to everything you respect as well Bringing us full circle back to the utility of the signal
dist-epoch 1y ago
If you don't want to bother, you can auction it and some hedge fund which wants to buy will take it from your hand.
deleted 1y ago
[deleted]
bravesoul2 1y ago
Start an ETF?
jabroni_salad 1y ago
Seems like a "buy borrow die" type of scenario to me.
Thorrez 1y ago
Why are you asking about $8B when the article is about $2B?
protocolture 1y ago
You would have to arrange a bunch of off market transactions, Probably spread over several different exchanges. Doable, but I reckon you would end up with closer to 6 billion

nandomrumber 1y ago

Loans using the BTC as collateral. Buy good / commodities with BTC and resell them. Sell the BTC. Probably not all $8 gigadollars at once, but is there any reason you would immediately need that much?

jedberg 1y ago
> but is there any reason you would immediately need that much? Because you worry that BTC will crash and want it in something more stable?
- PoshBreeze 1y ago
  BTC is volatile but it isn't going to crash tomorrow or any time soon at least not by the amount that would make sense to sell with a wallet this old.
  - mindcandy 1y ago
    Compared to the “Magnificent Seven”, Bitcoin’s volatility has put it in the middle, while it’s performance puts it at or near the top depending on the time window. https://www.fidelitydigitalassets.com/research-and-insights/closer-look-bitcoins-volatility https://www.fidelitydigitalassets.com/research-and-insights/... https://www.fool.com/investing/2024/03/06/bitcoin-has-been-a-better-investment-to-own-over-t/ https://www.fool.com/investing/2024/03/06/bitcoin-has-been-a...
    - lottin 1y ago
      I find it odd that someone would make a comparison between bitcoin and other financial assets, as if bitcoin was just another financial asset and its theoretical price wasn't zero... which is a pretty big market anomaly. Normally, when you find a market anomaly, you try to explain it. But these analysts, they pretend that there's no anomaly. They just don't talk about it, in the hopes that nobody will notice.
      - jeanlucas 1y ago
        Well, what should they compare it to then? Good has a value much higher than its use and most of its current value is just the faith that it is a store of value. But I don't find odd comparing gold's return to s&p
        lottin 1y ago
        It could be compared to other assets in the asset class of assets that have no intrinsic value (e.g. other crypto-currencies). I think that would make sense.
- nandomrumber 1y ago
  Well, one way to lower the price would be to put eight billion on the market all at once.
deleted 1y ago
[deleted]

bgwalter 1y ago

If the Bitcoin Sovereign Wealth Fund scam that was announced after Trump's election is launched, there will be a price bottom that is financed by public funds. I'm not sure what has come of it. Trump is doing well with his own coins: https://www.reuters.com/business/finance/uae-fund-buys-100-million-trumps-world-liberty-tokens-2025-06-27/ https://www.reuters.com/business/finance/uae-fund-buys-100-m... https://www.bloomberg.com/news/features/2025-07-02/donald-trump-net-worth-620-million-of-crypto-wealth-reshapes-fortune https://www.bloomberg.com/news/features/2025-07-02/donald-tr...

pawelduda 1y ago

Sure you can. If you do it over a few months, it will get absorbed by market because there are buyers (as of today). Though this is kind of unprecedented, so markets could find this kind of event bearish and front run your sells which tanks the price. But I can't imagine I'd care if I held for 14 years. There is also USDT which is much bigger than USDC.

diggan 1y ago
Also if you approach Coinbase/Kraken/$exchange and tell them you have X million to offload, they'll probably let you do it off-market, so no one (except for the ledger, obviously) would really notice.

yieldcrv 1y ago

yes, that’s why the exchanges are nearly $100bn companies between multiple corporations buying $1bn per week, retail, and nation states, there is a large appetite for this amount with a few phone calls

paulpauper 1y ago
nah, they are worth that much because of inflated valuations
- FabHK 1y ago
  Yes. And note that Coinbase for example charges retail around 1.5% or so on average, but only a few basis points to institutional clients last time I ran the numbers. Surprise.
- yieldcrv 1y ago
  a standard that applies to everything you respect as well Bringing us full circle back to the utility of the signal

dist-epoch 1y ago

If you don't want to bother, you can auction it and some hedge fund which wants to buy will take it from your hand.

deleted 1y ago

[deleted]

bravesoul2 1y ago

Start an ETF?

jabroni_salad 1y ago

Seems like a "buy borrow die" type of scenario to me.

Thorrez 1y ago

Why are you asking about $8B when the article is about $2B?

protocolture 1y ago

You would have to arrange a bunch of off market transactions, Probably spread over several different exchanges. Doable, but I reckon you would end up with closer to 6 billion