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If a cash transaction was made, that would pop up all over the place. $150m doesn't just show up out of nowhere.
by JonFish85 13y ago
If a cash transaction was made, that would pop up all over the place. $150m doesn't just show up out of nowhere.
- NDizzle 13y agoUnless you're the federal reserve/hedge fund.
- dllthomas 13y agoIf you're the federal reserve, it "pops up out of nowhere" in a sense, but on a public balance sheet. If this was the Fed going long bitcoin, we'll know...
- happimess 13y agoI'm sure that there are entities who have $150m in cash lying around. Drug cartels come to mind.
- breischl 13y agoLet's see, there are approximately 1.22 trillion US dollars in circulation [1], so that would amount to a massive .001% of outstanding dollars. It may not come from "nowhere", but neither is it such a massively huge amount of money that it would necessarily register. Heck, that hedge fund (Knight Capital?) lost that in about 3 minutes a few years ago... [1] - http://www.federalreserve.gov/faqs/currency_12773.htm http://www.federalreserve.gov/faqs/currency_12773.htm