Post
Topic
Board Bitcoin Discussion
Re: Will you sell your bitcoin to blackrock?
by
Ben Barubal
on 03/12/2023, 12:44:38 UTC
Imagine a situation where you own a house and a piece of land it's built on. You estimated the value of the whole thing to be $500k. One day someone knocks on your door and offers you $2m all of a sudden. Will you sell or suspect they know more than you? Maybe there's an oil deposit underneath your house? Maybe there's geothermal energy source? Maybe an international company has plans to build a facility nearby and will need your land for whatever price?

I'm asking this because if the funds get approved all at once there will be a large pressure on bitcoin's price and supply is, as we all know, limited.
Nobody buys bitcoin to sell it cheaper, so if they offer you $100k, they think it will go higher. If they offer $1m it's again going to go higher according to them.
Will you simply give it away once someone hands you $100k, or decide that it's cheap and they know more than they're willing to share?

   How did you think of such a thing? And besides, that's just an example. You just thought that, meaning such things rarely happen in real human life, right?

  The only thing I know about such situations is from the movies I've watched, but I never thought it would happen in real life. Has anything like that ever happened in real life? Do you know of a source link similar to that story?