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The whale that sold 80,000 Bitcoins for circa $9 billion usd remains unknown

1) this is privacy vs secrecy playing out perfectly. The ledger knows the transaction is done with certainty, we can see it, but the owner of the address remains private. Love it

2) a trade of this size 5 years ago would have totally smashed the market to pieces. Daily volume these days though is 60/70 billion usd remains

This is extremely bullish, both for capital growth potential, the bid is just there, crunching away, but also as a technology tailwind

Chris 3mo ago

Unsubstantiated rumour (yet from fairly credible source) that it was largely a swap into ETF for estate planning purposes. Thereby not affecting price. Makes a bit of sense, but who knows 🤷‍♂️

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Discussion

Jake Woodhouse 3mo ago

Could well be the case

Interesting

In Australia you can move into the Monochrome BTC ETF without cgt trigger as it’s a trust of some form

Win for the financial product creators

I would argue a inheritance plan and multi sig is better than anything

But if 80k Bitcoins maybe I would think differently!

Chris 3mo ago

That’s my plan! With a lot less than 80k coins! 🤣