2 ms·
Hundreds of billions, not millions.
by adastra22 7mo ago
Hundreds of billions, not millions.
- taberiand 7mo agoAt least until they actually tried selling them
- kbelder 7mo agoThey could be valuable in the sense that the owner can destroy bitcoin at will. Just having that leverage could be useful.
- deepsun 7mo agoNaah, the moment the first million of those is sold -- the price crashes. In other words, imagine some investor had those billions, and could buy the key. Should they? A thing is worth as much as someone is willing to pay for it.
- eru 7mo agoThey might crash the price if they sold the whole stake in one go, sure. But I predict that modest selling would increase the bitcoin price. Just imagine the hype from the Second Coming of Satoshi. Bitcoin would be front page news in mainstream newspapers for that week.