selling $50B doesn't move the market from $1T to $950B
$1T is the market cap when each bitcoin is trading at ~$52k, but if $50B were sold over a short period of time, it would likely drop the price to $25k or less as the buy orders would all get eaten up
That totally makes sense. But the comments I was replying to made it sound (to me) like it was going to be some long-term disruptor. $25k was the all time high just a couple of months ago. If it dipped to that because someone unloaded Satoshi's cache wouldn't everyone that already had a buy just double down? Seems like it would recover almost instantaneously.
It is impossible to know because there is no objective way to price Bitcoin. There's no way to say that all the bitcoin in the world should be worth exactly $x.
It all depends on what the market perception of that drop is: "this is the end, oh fuck, sell everything" or "ooh buying opportunity".
