A Few hundred bitcoin whales can send cryptocurrency market crashing down
Bitcoin investors definitely have reason to worry, as nearly 40 percent of all bitcoins are in the hands of just 1,000 investors. Together, they can tank or prop up the market with a click of a mouse.
Holders of significant amounts of bitcoin, known as whales, may want to sell about half of their digital funds, according to the former managing director and head of financial markets research at AQR Capital Management Aaron Brown, as quoted by Bloomberg.
“I think there are a few hundred guys. They all probably can call each other, and they probably have,” managing partner at Multicoin Capital Kyle Samani told the agency.
READ FULL ARTICLE AT:
https://www.rt.com/business/414876-bitcoin-whales-keep-forty-percent/
Anybody with a lot of money can (an does) that. Look at banks or Mcafee they don`t tell but they are already in it big time.
Very true. As I spent 5 years in Geneva in the off-shore industry I know many Swiss investment bankers. And if you heard what they say about controlling money, economies, and governments your head would explode. That is why you must have diversity in your assets...you never know what they are targeting. People (especially bankers) care about their own life and income...not yours. That also includes Bitcoin whales