Option 2. Never sell any Bitcoins, thus there is no tax event. Loan it to related parties, use it as collateral etc... talk to a good accountant first.
I would be surprised if any of the large holders ever sold any. The feds will be all over taxing the profits on
BTC when it hits mainstream. The only way to escape capital gains tax is to never sell.
As the events in Cyprus show, sometimes you have to pay out of your current balances as well, so even the above is not 100% sure, assuming full compliance.
Disclaimer: I have never sold a
BTC, nor I probably ever will.
Yes, this is the long play. There is no need for large holders to ever sell.