I guess some of the beauty of Bitcoin is that we'll never know. It could be some well known public figure or some completely random guy that we do not know of and very few people do.
I have to think that most people what that amount of funds must have the means to make well informed decisions (just an assumption, could be wrong) and you don't get more informed than having insider information.
Topic: Anonymous trader buys $400 million in bitcoin - page 3. (Read 400 times)
Quote
Go big or go home. That’s the motto of one mysterious investor who put his chips on the table, buying close to $400 million of the No.1 digital currency, bitcoin.
The purchase comes as cryptocurrencies are making a comeback after a dreadful start to 2018. Major digital currencies lost as much as 50% to start the year as growing regulation and security fears crippled the market, seeing traders bail on their positions. However, the tide has turned.
The price of bitcoin BTCUSD, +7.89% has increased more than 60% since trading under $6,000 on February 6, pushing back above $10,000, helped by signs of growing recognition of digital currencies from officials in Washington.
“Not sure who that big buyer was but many have bought this dip and have added since the rebound and additional regulatory clarity in the U.S. and Asia,” Alex Sunnarborg, Founding Partner of Tetras Capital said.
The unknown trader with the bitcoin address 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 purchased the coins between Feb. 9 and Feb. 12, taking his bitcoin balance from 55,000 coins to more than 96,000.
(Link to image: https://ei.marketwatch.com/Multimedia/2018/02/16/Photos/NS/MW-GD955_bitcoi_20180216113501_NS.png )
The transaction, which was blasted all over social media and online chat forums emboldened bulls who had argued that $6,000 was a bottom.
“In the meantime, the $400 million whale is fuel for the Telegram channels where traders lay out their conspiracy theories,” said Jeff Koyen, president of 360 Blockchain USA.
“However, I am willing to believe that, seeing bitcoin bottom around $6,000, Wall Street smelled blood and jumped back in,” he said.
With bitcoin back above $10,000, the owner of the address is closing is on the bitcoin billionaires club.
https://www.marketwatch.com/story/anonymous-trader-buys-400-million-of-bitcoin-2018-02-16
The purchase comes as cryptocurrencies are making a comeback after a dreadful start to 2018. Major digital currencies lost as much as 50% to start the year as growing regulation and security fears crippled the market, seeing traders bail on their positions. However, the tide has turned.
The price of bitcoin BTCUSD, +7.89% has increased more than 60% since trading under $6,000 on February 6, pushing back above $10,000, helped by signs of growing recognition of digital currencies from officials in Washington.
“Not sure who that big buyer was but many have bought this dip and have added since the rebound and additional regulatory clarity in the U.S. and Asia,” Alex Sunnarborg, Founding Partner of Tetras Capital said.
The unknown trader with the bitcoin address 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 purchased the coins between Feb. 9 and Feb. 12, taking his bitcoin balance from 55,000 coins to more than 96,000.
(Link to image: https://ei.marketwatch.com/Multimedia/2018/02/16/Photos/NS/MW-GD955_bitcoi_20180216113501_NS.png )
The transaction, which was blasted all over social media and online chat forums emboldened bulls who had argued that $6,000 was a bottom.
“In the meantime, the $400 million whale is fuel for the Telegram channels where traders lay out their conspiracy theories,” said Jeff Koyen, president of 360 Blockchain USA.
“However, I am willing to believe that, seeing bitcoin bottom around $6,000, Wall Street smelled blood and jumped back in,” he said.
With bitcoin back above $10,000, the owner of the address is closing is on the bitcoin billionaires club.
https://www.marketwatch.com/story/anonymous-trader-buys-400-million-of-bitcoin-2018-02-16
I think most will interpret this as insider trading: "someone with $400 million to burn and big connections to powerful and important people has insider knowledge about bitcoin's future and is calling a bull market." Looks like this could represent the latest uptick in btc value. No clue on who is buying in. With the way things have been going, I wouldn't be surprised if it were Jamie Dimon buying up all the BTC he could get his hands on.
Jump to: