Someone has made a $400 million Bitcoin investment this month
Nobody knows who bought Bitcoin for almost half a billion dollars this month. The observers have detected this because of the transparent structure of the transaction network of Bitcoin - chronologically one of the first blockchain applications the world has ever seen. This trader has made his investment on $8400, as noted by Andy Hoffman from CryptoGoldCentral:
Bitcoin address 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 purchased $344 million worth at an average of $8,400 from 2/09/18 through 02/12/18 - then, doubled down adding nearly 41,000 coins for a new total of 96,000 coins worth around $900,000,000 at today’s price ($9,400).
— Andy Hoffman (#HODLBTC) (@Andy_Hoffman_CG) February 15, 2018
The market is now wondering who that might be, meanwhile this trader is already gaining profits from the recent bullish dynamics: since his decision, Bitcoin has gained +30% to $10,969 at the press time. Bitcoin has even briefly touched 11,000, which, according to the prognose of JPMorgan, might mean it is capable of reaching even higher values.
The arrival of the new Bitcoin whale might serve or has already served as an impetus towards the further strengthening of the bullish sentiment.
Meanwhile in the White House, the authorities do not plan to strictly regulate the market anytime soon, as confirmed by the statement of Rob Joyce, Trump’s adviser on cybersecurity and new technologies. This obviously also gives grounds for more growth in the short term.