One Billion Dollars in Bitcoin

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blackbeans said:
As FIAT currencies face INFLATION due to the recent COVID-triggered CRAZY financial policies, expect more people to place their faith in cryptocurrencies
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You're saying that because the classic currencies are increasing in value, and bitcoin is going down in value, it's better to put my money in bitcoin ?
 
Well we need to dig deeper to find out if that is really a PayPal
 
The address was documented as the richest among non-exchange BTC wallets back in April, when it was holding 0.55% of all existing Bitcoin at the time.

So that means bitcoin price will drop??, any BTC expert can you explain this.
 
I would say imagine clicking market sell.
The whole point of crypto is to have no point of control and when there is one UNKNOWN entity owning 100k+ Btc the whole idea of crypto is irrelevant.
 
Relax. That was just a gift from me to my grandma. :D
 
Mobime said:
The whole point of crypto is to have no point of control and when there is one UNKNOWN entity owning 100k+ Btc the whole idea of crypto is irrelevant.
Click to expand...

But this is good, we know that it is an individual and that so far that person has been acting rationally or has died. This is why Bitcoin survived this far.
 
i think jacob rothschild who made the transaction, cuz he's the only one who could do that, lol
 
blackbeans said:
As FIAT currencies face INFLATION due to the recent COVID-triggered CRAZY financial policies, expect more people to place their faith in cryptocurrencies

It's only a matter of time
Click to expand...
Nah. Rather more people open their eyes to "sometime in the future BTC will be a real currency". The problem with BTC and why "normal" people don't want to get involved is because it's so volatile. I would never place my bank account on BTC even if it's a better currency in my opinion. The world still works in fiat currency.
 
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