[lojack]

Absolutely... market depth wouldn’t come close to supporting selling that much ETH without dropping the price. Markets would also react quickly on the news that the balances in his wallets were changing significantly.

Saying he isn’t a billionaire because of that is sort of a double standard though. Most billionaires don’t have billions in liquid cash, they almost all have illiquid property, stocks, bonds, etc. Selling off some of these assets would cause a very similar effect, and often they can’t easily be sold at all.

[Veratyr]

> Most billionaires don’t have billions in liquid cash, they almost all have illiquid property, stocks, bonds, etc.

Agreed on the first, the latter are pretty liquid, save for say 20% of Stripe's market cap, for which a private buyer can likely be found.

> Selling off some of these assets would cause a very similar effect, and often they can’t easily be sold at all.

I'm sure you can find buyers for them though, I'm not sure who's going to buy >$1B of ETH.