Encrypted investor customers interested in acquiring 25% of total Bitcoin supply

Encrypted investor customers interested in acquiring 25% of total Bitcoin supply

According to Forbes report on May 30, digital currency investment company Dadiani Syndicate has recently contacted a large customer who wants to buy Bitcoin, which accounts for nearly 25% of the total supply.

Dadiani Syndicate is a P2P cryptocurrency trading network. Last year, the company was known for allowing 49% ownership of Andy Warhol's "14 Small Electric Chairs" in the 1980s through Bitcoin and other digital currencies. According to reports, company founder Eleesa Dadiani said:

“One of our customers contacted us and expressed interest in acquiring 25% of Bitcoin’s current total supply. There are now many companies that want to dominate this market.”

According to Didiani, the current total supply of Bitcoin is 17.7 million. Considering that many coins have been permanently lost, buying a quarter of the total bitcoin will inevitably have a significant impact on the market. “Buyers of this size will push prices up, making the cost of capital accumulation even higher,” Didiani said, and continues:

"But a larger portion of Bitcoin is currently in the hands of Bitcoin hodler, and no matter what price is given, they will not be willing to switch to their own bitcoin. Therefore, from a realistic point of view, the bits currently circulating in the market. The currency may be less than 5 million."

Since January this year, bitcoin prices have risen by 120%, and once broke through $9,000 yesterday, reaching the highest level in 2019. According to CoinMarketCap, as of press time, Bitcoin prices fell by 4.68% to around $8,269. (blockchain pencil)

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

Bitcoin fell 11% on two days, a generation of God machine ant mining machine S9 is in jeopardy

On the 21st, the first block of the blockchain, Jia Nan Zhi Zhi, was successfully listed on NASDAQ, but it was indeed...

Blockchain

Blockchain weekly report Bitcoin weekly active address +8.17%, BNB affected by the impact of the surge 23.65%

In the 16th week of 2019, we will analyze the development trend of the encrypted digital currency industry in the pas...

Blockchain

Market analysis: BTC pulled up in the morning, the bulls began to test the disk

Author | Hash sent analysis team The cryptocurrency market is waiting for "Godo"Sun Yuchen: Betting on 100 ...

Market

Analyst: In the short term, the rising space of cryptocurrencies such as BTC, ETH and BNB may be limited.

Analyst Aayush Jindal said today (July 17) that "short-term cryptocurrencies such as BTC, ETH, BNB, LTC, BCH, EO...

Market

Forbes: Billionaires love BTC want to buy 4.5 million BTCs through encryption brokers

According to foreign media reports, Forbes magazine writer Billy Bambrough said Eleesa Dadiani, the cryptocurrency br...

Market

Analysis of the madman market on July 8: How will the central bank's legal digital currency issue change?

Market analysis Bitcoin: Bitcoin shocks are not finished. In the fifth day of Bitcoin shock, the market has seen the ...