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Yes, but he's not the only person in LA with a net worth that large. And people who hold a large amount of stock in a company are in a similar situation.
by scott_s 13y ago
Yes, but he's not the only person in LA with a net worth that large. And people who hold a large amount of stock in a company are in a similar situation.
- ceejayoz 13y ago> And people who hold a large amount of stock in a company are in a similar situation. Initiate a Bitcoin transfer at the same time as a stock sale followed up by a bank transfer from your brokerage and let us know which one finishes faster. Plus, the brokerage and the bank can choose to hold and/or reverse your transactions, for reasons like "hmm, we should probably see if Bill Gates really meant to sell all his Microsoft shares..." There are not many people sitting on tens/hundreds of millions of dollars in a format that you can store in your house and send irretrievably to a guy in Eastern Europe in an instant.