A Billionaire Will Buy up to 25% of Bitcoin in the market

“25%” of the entire circulating supply of Bitcoin, a massive 4,432,740 BTC, which at current exchange rates equates to $38.5 billion.

A billionaire wants to own 25% of all bitcoins in circulation according to the Forbes report of May 30, 2019. Having experienced unrestrained growth during this year, cryptocurrency number 1 is up more than 130% since January. More and more institutional investors are recognizing the potential of the virtual money sector, which explains the upward trend in Bitcoin (BTC).

The billionaire has commissioned a brokerage firm, Dadiani Syndicate, to make the purchase possible. Eleesa Dadiani of Dadiani Syndicate also revealed that a number of people wanted to buy Bitcoin in large quantities through the company. Eleesa Dadiani, the owner of Dadiani Syndicate, operates a fine arts company, Dadiani Fine Art. She receives a lot of requests in connection with crypto-currencies from wealthy men.More specifically, Dadiani Syndicate is a brokerage firm, which is responsible for examining the Bitcoin market (BTC) so that the wealthy investor can buy 25% of the current BTC offer in circulation about 4.4 million out of a total of more than 17 million bitcoins.

“One of our customers approached us and told us he was interested in acquiring 25% of all currently available bitcoins.

“When I founded the institution, it was a way for people to cash in their cryptocurrency assets, but we found that some wanted us to help them buy huge amounts of bitcoins.”  said Dadiani.

He added:”People buying large quantities of bitcoin want to avoid slippage. “The only way to do this is to avoid exchanges.”

According to a small analysis, it could be difficult, even impossible, to get hold of 25% of the offer in circulation, especially when 10.5 million Bitcoins out of 17 million have not been moved in a year. If that were possible, it would mean that the crypto space will control only about 2 million, while the billionaire claims about 4 million.

Image credit: pixabay

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