Post
Topic
Board Bitcoin Discussion
Re: What if this guy with 96,651 BTC suddenly cashes out?
by
Tipsters
on 19/02/2018, 16:29:54 UTC
https://blockchain.info/address/3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64

Currently circulating supply for Bitcoin is 16,874,375 BTC.

Does this mean an insignificant drop of ca. 0.57%?
What an amount of money for a single person. Although I do not envy him, is cashing out that amount of money even possible? If so, he will greatly affect the whole bitcoin market and can make the price of bitcoin very high or low. That is why whales are greatly feared and sometimes hated by the bitcoin users because they have so much money and they find it hard to protect themselves and their money.