Yeah no one ever just dumps EVERYTHING unless something has gone catastrophically wrong. I'm just quoting raw value. Even if it went down 50% that's still 11 billion. No way it's ever going back to 1k again. Those days are over
True. But that's because there are rules and regulations that prohibit that. Jeff Besos couldn't just cash out his Amazon stock in one fell swoop because of the catastrophic affect it would have on the company and the market as a whole.
That's basic when dealing with investing or holding traditional instruments like a stock. But is there anything in place to keep this guy from dumping his whole wallet? What incentive does he have not to do it? BitCoin isn't tied to a company with a massive footprint where hundreds of thousands, potentially millions, would be impacted by such a move. I'm not saying he will. Just a thought.
Like what if he wakes up one day and his wallet his valued at 30 billion USD and he's like I can have 30 billion cash if I sell RIGHT NOW. That's such a massive amount of instant wealth there has to be a safegaurd against it.