A Billionaire Wants To Buy 25 Percent Of All Bitcoins

A Billionaire Wants To Buy 25 Percent Of All Bitcoins

A Billionaire Wants To Buy 25 Percent Of All Bitcoins

 

According to Forbes, a billionaire wants to buy 25% of all Bitcoins. This is equivalent to $ 38 billion at current prices.

 

Eleesa Dadiani opened a centerless art gallery last year under the name of Maecenas, based on the Ethereum block chain, with its Bitcoin and other crypto-money selling works. The first work sold on the platform was ait 14 Small Electric Chairs ÔÇťworth $ 5.6 million by Andy Warhol. 49 percent of the work was purchased by a hundred people in small shares.

 

Da I ÔÇőÔÇőbuilt the platform as an easy way for people to cash into their crypto-money assets, but we saw people wanting to help them buy huge amounts of Bitcoins later, Dad says Dadiani.

According to the news in Forbes, Dadiani now opened a peer-to-peer digital asset trading platform for the super-rich named Dadiani Syndicate, who responded to this interest. And according to Dadiani, one of his clients wants to buy a bitter amount of bitcoin: 25 percent of those in circulation.

Dadiani says:

 

Edi One of our customers came to us and said they were interested in buying 25 percent of all Bitcoins that are currently available. There are some people who want to rule the market.

A Billionaire Wants To Buy 25 Percent Of All Bitcoins

A Billionaire Wants To Buy 25 Percent Of All Bitcoins

The current supply of Bitcoin today is 17.7 million. 25% is about 4.4 million. This amount is equivalent to $ 38 billion per hour.

Dadiani says he’s trying to buy as many Bitcoins as he can for his clients. It does this through over-the-counter (OTC) markets to avoid pushing up Bitcoin’s market price:

Lar People who buy a huge amount of Bitcoin want to avoid slippage. The only way to do this is to avoid exchanges. Bunu

On the other hand, Mati Greenspan, senior market analyst of eToro, a social trading platform, said that a Bitcoin purchase on this scale would have a significant impact on the price.

. A buyer of this size will raise the price. There are ways to balance such demand-driven price increases, but there is not much you can do to prevent it after a certain level. At present, many Bitcoins are being hired by hods (those who do not sell their Bitcoins) who are not willing to dispose of for any price. To be realistic, there are probably less than 5 million Bitcoins in circulation right now, a he said.

Finally, Dadiani said, ÔÇÖAlthough the media has drawn a very different picture, the interest in Bitcoin has not decreased. Right now people just want to get Bitcoin. There is little interest in other crypto coins, Another he says.

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