What could they do if they are really malicious? Sell it for zero? Or just long-term downward pressure on price? -> I'd love that Sell it for (trillions) to the central bank? -> I'm ok with this; it recognizes its value Buy an army/resources and fight the virtuous Bitcoin users in the meatspace or via regulation? -> I'd argue that the current States & Central Bankers govern much more coercive powers in their hands. So what... The size of your stack does not matter.