The bets are on... who can manipulate the news for 3 months, cause a flash crash and scoop up $400mm worth of BTC?
I will speculate that the mysterious owner of the 3rd richest BTC address is a group composed of banks and perhaps governments. If you believe that, it is still little money in the grand scheme of the quant easing global economy. Say institutions are comfortable putting 1% in assets as risky as measured by volatility as BTC. That would mean the total asset base is $40,000,000,000 or $40billion. Just a thought before moving on, perhaps it is not the best idea to put all of these coins in a single address...
According to BitInfoCharts, a mysterious buyer with a Bitcoin address of 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 purchased an astronomical amount of bitcoins worth $344,000,000 at a blended cost basis around $8,400 from 02-09-18 through 02-12-18. In total, this Bitcoin whale doubled down adding nearly 41,000 coins for a new total of 96,000 coins worth somewhere around $900,000,000 at today’s price ($9,400).
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