Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Crypto Wallets => Topic started by: sirty143 on January 04, 2024, 10:00:58 AM

Title: Mystery Wallet Rockets to Top 10 Bitcoin Holders With 8,888 BTC New Year’s Gain
Post by: sirty143 on January 04, 2024, 10:00:58 AM

Mystery Wallet Rockets to Top 10 Bitcoin Holders With 8,888 BTC New Year’s Gain

(https://i.imgur.com/KgOo91Ym.jpg)

A bitcoin wallet, believed to be linked to Tether, the leading stablecoin issuer, has ascended to become the tenth largest holder of bitcoin. This elevation occurred after an accrual of 8,888 bitcoin from Bitfinex as the year concluded. See more for yourself here (https://news.bitcoin.com/mystery-wallet-rockets-to-top-10-bitcoin-holders-with-8888-btc-new-years-gain/).

Your opinion is greatly appreciated.

Title: Re: Mystery Wallet Rockets to Top 10 Bitcoin Holders With 8,888 BTC New Year’s Gain
Post by: yhiaali3 on January 16, 2024, 02:59:42 AM

According to the article, after this latest accumulation of 8,888 BTC, the wallet's total Bitcoin holdings are approximately 66,465.20 BTC, worth close to $3 billion at current exchange rates. These are really big numbers.

If this wallet really belongs to Tether, this is reassuring news for holders of the USDT stablecoin because at least their assets will be covered by Bitcoin assets, giving some kind of security.

Also, the collection of all these huge amounts by these large companies is an indication of the extent of trust that Bitcoin enjoys among large institutions.