Mysterious Bitcoin-buyer buys $400 MILLION USD worth of Bitcoin last couple of days, as Bitcoin breaks $10,000USD
$400 million USD is a lot of money...Who is the mysterious buyer? Charles Munger? Warren Buffet? US Government? FED? :)
According to BitInfoCharts, a mysterious buyer with a Bitcoin address of 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 purchased an astronomical amount of bitcoins worth $344,000,000 at a blended cost basis around $8,400 from 02-09-18 through 02-12-18. In total, this Bitcoin whale doubled down adding nearly 41,000 coins for a new total of 96,000 coins worth somewhere around $900,000,000 at today’s price ($9,400).
I believe I found the culprit:
Maybe it's not him but this is how it works. Even if you think it is a joke.
lol
Maybe it is Marc van der Chijs with a few others.
He is always betting big and his crypto related fund will launch in a few weeks. He's a guy that attracts hundreds of millions of dollars when this happens, so that might increase the price quite a bit. Although never sure, that would be kind of a good bet for him and his friends ;-)
Yea, my bet would be on a fund or bank
Good bet!
Probably one of those spreading FUD over the past weeks to bring prices down. Still, over $10,000 sounds good.
It's looking pretty strong..I predicted we'd see cryptos back in action in March..so we'll see :)
So, if I am reading this right,
41,290 coins at $8,400 is $346,836,000.
Currently those coins are $417,607,060, giving that person $70,771,060 in new value in 3 days?
Shit.
A handsome profit
The person owns 0.565% of the BitCoin market cap.
So, we need only few of them to play FUD games with us. The next one is around $40k, right? 😀
Oh...we should see another FUD soon.
“Bitcoin will eventually go to zero”. -Warren Buffet. [quietly buys hundreds of millions dollars worth]. Maybe? We saw Jamie Dimon bad mouth it and then ,moths later Merril Lynch was working on a blockchain crypto project similar to ripple. It’s probably some hedge fund manager buying it up, some of them had tiny positions from previous years turning into over 50% of the value of their portfolio when it shot up in Dec.
Exactly.
What ever Warren says, take that as he's working some plan on the other side of it.
i think this mysterious buyer is US Government... Whats your opinion ?
by the way your information about crypto is exceptional, how handsomely you explain and share all the news about crypto which is very useful for us :) keep sharing such stuff with the community, steem on
Can’t be, that purchase would take a bill that would need passage in both houses .The govt speculating on bitcoin is not something that would happen unless there is some conspiracy CIA type stuff going on.
Thanks a lot mate! Appreciate it :)
I think I would have to go with a fund or a very wealthy individual.
Definitely isn’t that dinosaur Buffet!
My guess the federal reserve
Seriously I believe strongly it’s government
$10,154 now! Quite a jump in 7 minutes
Let's see if 10k holds..:)
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Probably this is one of those hypocrites that while saying bitcoin and crypto in general are a scam or a bubble, they quietly go and invest in those same "bubbles".
Its probably impossible to know who this person is, but I would bet its an hypocrite.