Anonymous Forex trader buys Bitcoin for $ 400 million

in #trading7 years ago


The beginning of 2018 was very stormy for crypto currency.

Many digital currencies grew in price, and it seemed that a little more and the total market capitalization would overcome the $ 1 trillion mark. But this did not happen - the prices collapsed, and most of the kriptovalyut from the first 20-ki dropped significantly.

Although the price dump was not the bursting bubble predicted by many analysts, top-end crypto-currencies, and even the industry leader Bitcoin, fell to the lowest levels in recent months.

Although Bitcoin fell below $ 6,000 per coin in early February, its price again rose significantly. In fact, over the past two weeks, it has increased in price by more than 60%, finally rising above $ 10,000.

Apparently, the anonymous trader, who made such a large investment in Bitcoin, believes that the uptrend will continue. Nevertheless, Bitcoin's price remains well below the record high reached at the end of 2017.

Who is this mysterious trader who bought Bitcoin for such a fabulous sum? At the moment, his or her identity can not be determined.

"It is not clear who this large buyer is, but many bought Bitcoin at a deep drawdown and continued to buy when the position of regulators in the US and Asia cleared up," said Alex Sunnarborg, the founding partner of Tetras Capital.
The purchase was made between February 9 and 12 at the address 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64. The balance of this account has increased from 55,000 BTC to more than 96,000 BTC.

The actions of even one anonymous trader can affect the entire industry as a whole.

"A whale with 400 million dollars ... Channels Telegram, where traders post their conspiracy theories, will have something to discuss," - said the president of 360 Blockchain USA Jeff Cohen.
In any case, if Bitcoin continues to gain momentum, an anonymous buyer will soon find himself on the list of crypto-currency billionaires.

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It is possible that is Soros. He likes making huge bets.

I hope not. What happens to his wallet and private keys if he dies ?
That would just reduce the BTC available to everyone by 96,000.

That would be sad

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