[yieldcrv]

lots of bitcoin from large old blocks have moved before, it is news within the crypto space and pretty fun drama. bitcoin from blocks from when satoshi was mining have moved before, and people start rumors that this exact thing is occurring and turned out not to be a satoshi block.

price dips have happened over these movements. the rumor mill is pretty cyclical. the price dips have had less and less magnitude over the years, as there are so many computing bullish and bearish forces in bitcoin now. headlines today that move bitcoin up 1% would have crashed bitcoin 35% a decade ago.

bitcoin has a lot more liquidity now, or in some periods of time has a lot more liquidity than now. a large sell can be absorbed. people's confidence in the bitcoin concept doesn't really shake just because someone selling ... runs out of things to sell.

many large bitcoin holders don't want govbucks, or state currency. they can do so much with their bitcoin, mostly earning yield by depositing it into something yield producing in the crypto economy, investing in other projects, supporting causes they believe in. it isn't important to them if a team or merchants gets govbucks somewhere down the line or immediately.