Honestly, you probably have a better sense than I. The Saylor dollar dumping speculation is really more of a hook to get to the thing I want to think about: by what mechanism could selling affect price?

> ...and we'd see the dumped dollars show up in exchange liquidity.

I don’t know exactly how the OTC market processes transactions, but I imagine the amounts involved (Bitcoin and USD) don’t really affect liquidity, since OTC markets are all about mediation. I’m just speculating though, I’m not sure if that’s actually how it works.

0xbitcoiner

Well, part of why I paid attention to the weeks before he announced a buy was to see if there was any signs before people learned about it:

My thinking is that if Saylor gives a pile of dollars to some whale OTC, the whale is going to do something with those dollars. Now, possibly they do tradfi things, but it seems also plausible that they'd do crypto things...and we'd see the dumped dollars show up in exchange liquidity.

bitcoin

econ

Why doesn't Saylor crash the price of the dollar with his massive dollar dumps?

Scoresby

Well, part of why I paid attention to the weeks before he announced a buy was to see if there was any signs before people learned about it:

My thinking is that if Saylor gives a pile of dollars to some whale OTC, the whale is going to do something with those dollars. Now, possibly they do tradfi things, but it seems also plausible that they'd do crypto things...and we'd see the dumped dollars show up in exchange liquidity.