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    Home » A major institutional investor plans to buy 25% of all bitcoins

    A major institutional investor plans to buy 25% of all bitcoins

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    By BlockchainJournal on June 1, 2019 News
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    A Dadiani Syndicate client is preparing to acquire digital money worth about $ 38 billion. EToro analyst Mati Greenspan believes that this will inevitably lead to a sharp increase in the cost of cryptocurrency . This writes RBC with reference to the American Forbes .

    An unknown investor plans to acquire 25% of the entire Bitcoin issue. The UK-based Dadiani Syndicate reported that one of its clients insisted on acquiring $ 38 billion worth of cryptocurrency at the current rate, but when they explained to him that this was impossible, he wanted to get as many digital coins as possible.

    “Most of the cryptocurrency currency is now with the Khodelers, who will not want to part with it for any money. Currently, there is less than 5 million BTC circulating in the market , ”explained eToro senior analyst Mati Greenspan.

    According to him, most likely, the investor wants to raise the price of cryptocurrency in order to make his purchase even more profitable. Greenspan argues that growth cannot be held back even by special market mechanisms.

    Earlier, the founder of the Ikigai hedge fund, Travis Kling, said that the rise in price of the first cryptocurrency in 2019 was due to the purchase of cryptocurrency by several large investors. According to the expert, in the future the value of the asset can rise to $ 20,000 and $ 30,000.

    Publication date 01/06/2019
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