A Billionaire Reportedly Wants 25% of all Available Bitcoin
May 31, 2019 @ 12:31 UTC
Institutional investors and billionaires are beginning to eye cryptocurrencies and looking forward to becoming whales to control the market, a Forbes report revealed.
Eleesa Dadiani, the founder of Dadiani Syndicate, a peer-to-peer network, reportedly claimed that a client of hers wants to purchase a quarter of the bitcoin currently in circulation.
Dadiani, who is also an art dealer and founder of Dadiani Fine Art, told Forbes that some investors intend to dominate the market. The broker said that a client had approached her wanting 25% of all available Bitcoin.
Dadiani Syndicate acts as a peer-to-peer platform that arranges digital asset deals for wealthy individuals and institutional investors just like in art dealership.The founder claims that her company had been instructed to search for bitcoin sellers and purchase about 25% of the existing bitcoin for their client. She further revealed that most of their clients wanted assistance in buying huge amounts of Bitcoin.
If indeed it is true that an individual wants to own 25% of the currently available bitcoin, that would be 4.5 million BTC out of the current 17 million that has been mined. However, purchasing 25% of all the Bitcoins would be difficult as about 10.5 million bitcoins have not been moved in nearly a year.