Slightly wary of any large purchase being put through like this where it could turn out to be leveraged at all. It means it can reverse in future possibly. I far prefer organic growth where price correlates to natural population rise in BTC ie. where the Bitcoin is being bought by an extra million people this I find to be far more bullish then one rich guys words and projected usage of BTC.
To me BTC will always be about the bits not big buyers.
To me BTC will always be about the bits not big buyers.
There is no tangible proof that they are indeed buying those amount of bitcoin.
If nothing else, it is giving positive vibes to the bitcoin community.
And if it is true, that's fine. At least they are contributing to the increase in the btc market.
It means, they are believing that btc will go up in the future.
Because if they have weak stance on btc, they won't buy huge amount of btc.
privacy but instead it would expose out your identity but of course it would neither be intentional or not but in overall aspect this do really give out positive vibes indeed just like you do said.
Its price movement lately cant be considered for this thing to be precise reason of it since there are other factors which do affects it as well.
There is one bitcoin address in the article if I'm not mistaken, maybe we can follow it and see how the buying spree is and says if it's true or not.
But if you look at the market right now, it really seems the price is really being positive as it get past the $43k, the biggest barrier so far and now we are going to $45k. So for sure someone is pumping money in the market and Terra could be the one during this.
And it was said that they will continue in the next three months so let's observe how the price will move then.
