In line with a recent ‘report‘ published by Forbes, renowned digital asset investment firm named ‘Dadiani Syndicate’ has reportedly been approached by a very rich client to purchase near to around 25% of the total Bitcoin [BTC] supply, if possible.
The Dadiani Syndicate is a P2P [Peer-to-Peer] network where individuals trade between each another with ‘cryptocurrency‘. The firm ‘created‘ news last year after it put 49% of Andy Warhol’s 1980 work “14 Small Electrical Chairs” up for selling Bitcoin and other digital-assets. The firm’s founder Eleesa Dadiani reportedly stated:
“One of our clients approached us and asked that they were interested in purchasing 25% of all bitcoin presently available. There are several entities who want to dominate the market.”
Dadiani added that acquiring around a 1/4 th of the total presently available ‘17.7 Mln‘ Bitcoin [BTC] supply – considering that several coins have been already permanently lost – would not be possible without significantly affecting the market. “A purchaser of this major size would push the price up to make this sort of accumulation even more costlier,” Dadiani added, continuing:
“Yet even a major number of coins are presently being held by hodlers who won’t be willing to give them for any price. Realistically speaking, there are most likely less than 5 Mln coins actually circulating within the market at this period of time.”
Earlier in January, Bitcoin has gained around 120 % in its worth, and even broke its $9,000 USD benchmark earlier on 30th May, which is highest price point in over a year. However at the reporting time, the leading cryptocurrency is down by 4.48% on the day and is presently trading at a price around ‘$8337.50 USD‘, as per ‘CoinMarketCap‘.