[cbsmith]

It's logistically pretty easy these days for a wealthy person without an ounce of crypto to buy crypto and transfer it to someone else.

On the other hand, if your business was a scam and you needed to explain where $1 million went to...

[nujabe]

Your comment that it is logistically easy for the random rich guy to buy large sum of crypto is simply not true. For one, you'd have to go through KYC which takes time, and you can't just open an account and buy 100k in crypto (yet alone millions) as you'd need a history of activity on your account and multiple limit increases.

[jamiek88]

This is very naive.

There are many many ways for the wealthy to procure bitcoin with zero restrictions.

[mtnGoat]

True, but not in this mental exercise where the person is being held hostage. They would still need to liquidate assets and transfer to crypto, and also need connections to this type of seller. In that case, that’d probably already have it.

[djbusby]

How? I'm not wealthy but I'd like some unrestricted crypto. Do I have to be wealthy for these channels?

[mtnGoat]

You can buy crypto for cash on Craigslist. Don’t need to be wealthy. You’d probably need “connections” to buy six figures or more off market.

[nujabe]

^Yes, do all that but also try avoid being kidnapped.