Largest Whale? Grayscale’s Bitcoin Stockpiling Has Investors Concerned About Cen

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Largest Whale? Grayscale’s Bitcoin Stockpiling Has Investors Concerned About Centralization



It has been evident that Wall Street wants Bitcoin. New data has shown that Grayscale investments have doubled down on Bitcoin purchases since the 2020 halving. Now, the group is buying 1.5 times the amount of Bitcoin mined. Since the halving, 12,337 BTC has been mined. In that time, Grayscale has bought 18,910.

This show of institutional interest has been welcomed by the crypto community with the prospect of Wall Street’s demand driving prices up. But some investors think that it’s not all positive. At the rate that Grayscale is accumulating, it could become the largest holder. Some have even argued that if it keeps it up until the end of next year, they would hold as much as Satoshi Nakamoto.

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