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		jopsen on Jan 15, 2022 \| parent \| context \| favorite \| on: It’s not still the early days of blockchain > If you bought your bitcoin with legit money How easy is it to actually buy 5M USD of bitcoin? Assuming you have legit money? And why would you move legit money out of the banking system? Assume you have 5M USD in bitcoin, can you sell it and deposit that in your bank without lots of money laundering questions that are hard to answer? My two cents is that if you have legit money, you will want to keep in the banking system, and avoid risks of being accused of money laundering.

CRConrad on Jan 17, 2022 [–]

> How easy is it to actually buy 5M USD of bitcoin? Assuming you have legit money?

I was going to say, "Can't be too hard; Musk does it with hundreds of millions" (billions?).

But then again, maybe it takes three assistants two days each time; he can afford that.

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