But also the fact that they strictly believe in the future of Bitcoin, in the way that they can become some sort of an elite at some point in the far future. This definitely goes up for someone as Roger Ver.
It seems like the new money is fighting the old money, and this should now be interpreted in the literal sense of the phrase.
That question has always been intriguing me. Reading about possible control over Bitcoin by the government, I thought about the ways how they could actually do it. One idea that came to my mind was to print enough fiat to buy all bitcoins existing and get done with it for good. But then I recalled about the top Bitcoin holders including Satoshi himself keeping their coins, and it struck me that they might not be selling their stashes just because of this, for the fear that government could easily buy up all bitcoins that are traded and turn into the biggest whale itself.
How likely is that?
this is mostly another conspiracy theory in my opinion and the first important question is WHY? that these theories never think about. why would government want to do that? printing money and then spending lots of time to buy and invest lots of money ,.... none of these are easy ways. the easy way in case government wanted to go against bitcoin is simply announcing it illegal like countries such as (i think) Bangladesh!
Basically, I'm only asking as per thread title why the biggest holders of bitcoins don't spend them. My take is that they keep their bitcoins mainly because of the apprehension that government or some other entity with deep pockets could monopolize Bitcoin by buying up a lot of coins that are traded nowadays. Anyway, what is your take on this, why don't they cash out?
