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by duxup 2614 days ago
I can't read the article as I don't have a subscription.

So if you're this dude, how do you make this investment?

Presumably you just call your fiance guy and tell him to put a huge amount of money into Bitcoin and the order gets passed down to someone who knows what their doing and somewhere there is a PC out there with a bazillion dollars in Bitcoin sitting in cold storage?

I gotta think the end guy who makes the buy is a pretty big target for criminal types as far as figuring out where such coins are stored....

4 comments

There are companies that specialize in coordinating large, off-exchange trades. I listened to an interview where they mentioned security practices such as: keys are stored on laptops that were bought new, had the hard drive replaced, and the Ethernet and USB ports epoxied shut. All transactions are offline and multi-sig. Etc...
Yeah I was thinking the security would have to be pretty high / multi layered / rightfully paranoid.
Ledger offers enterprise grade solutions for this now.

https://www.ledger.com/enterprise-solutions/

All you have to know is he bought a lot of Bitcoin when the price was at its all time high of 20k USD and he sold them when it was low (its been as low as 3k USD). It is now at 5,5k USD.
there are Over The Counter (OTC) trading desks/companies who can help with that. One of them is Circle. I think Kraken also offers this service.