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by unhashable 2295 days ago
Obviously $1T is meant to by hyperbole. Still, it’s not that outlandish.

$500M transferred for less than $400 on 7/29/19 - https://twitter.com/whale_alert/status/1155808847908544512?s...

There are many of these, and they are increasing.

Cashing out large sums is done over the counter, not through regular on/off ramps (as in your ATM example). Bitcoin is legal in the US, so I'm not sure how suspicion plays into it.

The rich play by different rules than you and I.

1 comments

No billionaire is going to pay more than $400 to instantly wire money either, though, as to your point, they play by different rules. Even HSBC offers free wires in the US.

Also, it's $250M now due to the 50% drop in the last half hour, so in a way, they paid $250M for that transfer.