In the Xapo repositories are about $10 billion in BTC

In the cold storage centers of Xapo, about $ 10 billion is stored in bitcoins, which, with a current capitalization of about $ 160 billion, accounts for more than 6% of all the bitcoins released today. Bloomberg was told by two clients of the company and an anonymous source "close to the enterprise". They confirmed that this figure is a "correct estimate" of the amounts of funds that are in the Xapo complexes.

Xapo became famous in the industry after it began storing bitcoins in a former military bunker under the mountains of Switzerland. At the moment, the company has storage facilities on five continents, where coins are found both from private and institutional investors. CoinShares, a British investment and research company, deposited about $ 500 million of client funds in Xapo.

Coins stored in Xapo can increase their value in the next few days. The price of bitcoin can grow significantly thanks to the "Consensys effect" and reach $ 15,000 this week, said Fundstrat Global Advisors co-founder Tom Lee. In the course of the well-known crypto-exchange conference, which will be held in New York on May 14-16, the price of bitcoin can significantly increase in comparison with the current level. The last four years the value of the crypto currency has been steadily increasing before and during the event.

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Shadun