[2016-05-03] Mint: Will the inventor of bitcoin sell his $450 million stash?

[polynesia]

Will the inventor of bitcoin sell his $450 million stash?

http://www.livemint.com/Industry/2ZOkTssqZkoNXOqMvjar5I/Will-the-inventor-of-bitcoin-sell-his-450-million-stash.html

Whether Craig Steven Wright is the creator of bitcoin that he claims to be, a potentially more important mystery remains: Where is the substantial pile of the initial digital currency he is believed to own and does the inventor plan to sell it?

Wright, an Australian entrepreneur, identified himself on Monday as the bitcoin inventor almost five months after he was outed in media reports as the man behind the virtual currency.

[bitcoinisfurture]

Really doubt anybody would sell off unless he requires money. May sell some amount but not entire unless if they think downfall of bitcoin has started.

[soyab0007]

might be he will sell on halving

[btvGainer]

He will never sell his all coins at once because he knows that even if he tries to sell his coins,bitcoin prices will fall down.He would sell in small quantity if he has to sell and such a small quantity wouldn't make any difference

[dashingriddler]

Even if he sells and if we see temporary price drop (Let us say by 7% as that 1m btc is about 7% of the total btc that exists today) - it will definitely rebound in a couple of weeks. It is in deed good for economy as there is no more that 1m locked bitcoin that people dont know if and when it would come to market. Less variables to calculate the price.