Bitcoin Resilient with big sell!!!

#bitcoin #money #crypto-currency

Bitcoin shows resilience to Galaxy Digital sale of approximately 9 months mining production of BTC in a few days.

Prices dropped by about 4% as the market consumed the released BTC.

This market action and results indicates a maturing product, which will require a lot of selling pressure to bring the price down significantly in the future.

Admittedly, the total sale was only about 0.065% of world BTC supply BUT that represents the equivalent of 16.72 trillion of the World’s estimated money supply expressed in USD (or about 50% of the US Government debt).