Summary
James Howells lost 8,000 Bitcoins worth over £500 million when he accidentally threw away a hard drive containing his private key.
He has been trying to retrieve the hard drive from a Newport landfill for over a decade, but the council has refused to allow him access.
Howells is now suing the council for £495 million in damages.
I agree with everything you said but 8000 bitcoin won’t move the price much. We’ve seen management firms buying hundreds of millions worth of bitcoins
Different dynamics. Buys require sellers, of which there is no lack. Sells require buyers, which are in very short supply.
Got it thank you for the explanation