IF bitcoin will materialize as common internet currency, these guys/girls will have some jolly good time. Until this happens this list is is nothing but a high-score in a web based game, for there is no way to exchange your BTC into real currency.
Of course, anyone who has invested in BTC is highly interested to push the hype button and spread the word of BTC as universal payment system. This is the only way to bring more hard currency into the BTC cashflow.
Cashing out $85 million of pretty much any sale (shares, bonds, forex, commodities) is trivial, you simply do it if you have the goods.
The whole idea of Bitcoin transactions requiring special efforts to cash out is a sign of weak liquidity/weak infrastructure. If some bitcoin-exchange-house is limited to cashing out $10k/day, then how can you practically distinguish it from a Ponzi scheme that claims to have money but actually doesn't?
How about just 1 million? It seems most responses above are "it can be arranged", which wouldn't be acceptable to me if I had millions in bitcoin I wanted to cash out.
A million is easy. Put up your ask for 1400-1500 BTC and wait for someone to buy it. Maybe spread it out over a small range so it doesn't look intimidating, but at that size it doesn't really matter. Probably happen in a few hours. Again, several of these transactions happen every day.
Have the money wired to your bank. If you're selling on bitstamp, even that step is easy.
If you’re looking to cash out, SecondMarket is currently trading sizeable blocks of bitcoin. Please feel free to contact us at xbttrading@secondmarket.com .
Of course, anyone who has invested in BTC is highly interested to push the hype button and spread the word of BTC as universal payment system. This is the only way to bring more hard currency into the BTC cashflow.