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Learning & News => News related to Crypto => Topic started by: newshunter on January 30, 2021, 01:01:12 AM

Title: Grayscale is buying BTC 54% faster than it is mined so far in 2021
Post by: newshunter on January 30, 2021, 01:01:12 AM

Grayscale is buying BTC 54% faster than it is mined so far in 2021

Grayscale is continuing its BTC accumulation spree, snapping up more than 40,000 BTC in just 16 days.

Source: Grayscale is buying BTC 54% faster than it is mined so far in 2021 (https://cointelegraph.com/news/grayscale-is-buying-btc-54-faster-than-it-is-mined-so-far-in-2021)

Would appreciate your opinion about this

Title: Re: Grayscale is buying BTC 54% faster than it is mined so far in 2021
Post by: TomPluz on January 30, 2021, 03:13:40 AM

Well, they have the money, and they know that soon Bitcoin can really be reaching the sky. I am sure that they have in mind that in 2021 BTC can be at the door of $100K easily. There remains a huge demand coming from institutional buyers as the month of January is winding down. Grayscale can be influencing other big platforms to also grab more Bitcoin.