🔥 Who the FUCK is buying Bitcoin?

avatar

Hello!

I am starting to get nervous, Bitcoin price is rising like a rocket. Right now we are at the 16,000$ level, and it seems that this is not going to stop.

All of the other altcoins are suffering, all the money is flowing to Bitcoin and I was wondering...

Who is buying Bitcoin?

My feelings say that more business are slowly and secretly buying huge amounts of the digital gold.

image.png
Source

I decided to look at Grayscale purchases, which are public. Grayscale is a global leader in digital currency asset management.

Here the results (AUM means Assets Under Management):

12th of November ➡️ Total AUM: $9.4 billion
10th of November ➡️ Total AUM: $9.1 billion
9th of November ➡️ Total AUM: $9.1 billion
6th of November ➡️ Total AUM: $9.4 billion
5th of November ➡️ Total AUM: $8.6 billion
4th of November ➡️ Total AUM: $7.9 billion
3th of November ➡️ Total AUM: $7.7 billion
2th of November ➡️ Total AUM: $7.7 billion
30th of October ➡️ Total AUM: $7.6 billion

And the trend continues...

People is not going to stop anytime soon. This is going to be the wildest journey ever. I just want more time to accumulate, and I want to see more dumps!

Take care! 😊


image.png

Follow me on Twitter
Follow me on Hive
image.png Follow me on Publish0x

hive posh bitcoin btc blockchain cryptocurrency leofinance palnet neoxian crypto
0
0
0.000
16 comments
avatar

grayscale alone is buying more than the daily production of the miners... and there are 2 or 3 companies doing the same, and add all the small fish you get 20k+ BTC

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

That's somehow the beginning of the ride and this time it will be lead by financial institutions and not retail investors as in 2017. Pretty much what we were expecting for years.

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

One idea as for who, and another on current market psychology. I think we could see 20k fast, but that it’s just as likely we see 15k again, either before or after.

https://twitter.com/MacroScope17/status/1326917450202558468?s=20

https://twitter.com/MacroScope17/status/1326889928073031681?s=20

0
0
0.000
Reply
avatar

$16.4k at the time of writing, i would be surprised to see a new time high this year, not likely but traditionally markets like gold are strong toward the end of the year. BTC could be following that trend as a store of value.

Great post BTW

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

The scary part is that all of the money is going to the exchanges but I have serious doubts that those bitcoin's are actually in circulation. I would love to eventually get to 1 full bitcoin or more then take it right out of the market. It's kind of like futures where a lot of them are just guessing and hoping that the exchange companies don't get hacked and the bitcoin stolen.

0
0
0.000
Reply