Billionaire wants to buy 25% of the bitcoin supply

[Julunguul]

25% of the total supply, I indicate there is something suspicious about this.

1st: Are those billionaires going to buy the total supply in 1 price ?
2nd:Transactions that occur can just make panic
3rd: Then after they buy, will the market also change the situation for the better ?

I also curious about the fees of those transaction. 

[wekael]

I would take such high numbers with caution

[GregH37]

Bullish news, however, I do not know where Dadiani can find the sellers to buy 25% of the bitcoin supply for her billionaire client. Good luck.

Also, what would the billionaire do to 25% of the bitcoin supply? Use it to help launder his friends billions and make more billions for himself hehehe?



Far from the murky, impersonal world of online bitcoin and cryptocurrency exchanges, billionaires who want to buy bitcoin do it through an office in west London's upmarket Mayfair—and the relatively new service is becoming increasingly popular amongst the super rich with an interest in crypto.

The Dadiani Syndicate, which styles itself as an investment "platform for ... maximizing your digital holdings," and matches big bitcoin buyers and sellers in a way similar to buyers and sellers of fine art, claims to have helped clients who want to acquire "up to 25% of the bitcoin market."

"One of our clients approached us and said they were interested in acquiring 25% of all bitcoin currently available," Dadiani said. "There are a number of entities who want to dominate the market."

Dadiani claims to have built up a consortium of sellers from around the world who have "colossal" amounts of bitcoin or who want to buy significant amounts and she is confident they have all been properly vetted against money laundering regulations.

"We don't deal with people who are not clients of reputable banks," said Dadiani. "We are market makers, coordinators of these trades. Once you involve banks and institutions, it's up to them to make sure their clients are abiding by regulations."

Read in full https://www.forbes.com/sites/billybambrough/2019/05/30/how-billionaires-are-buying-up-bitcoin/#2d0a3ddb208c

Hmmm, this sounds so untrue when they understand the risk in this, the time they would have done so was when bitcoin was still quite very cheap, 25% of bitcoin supply will really make the market shoot high and people will dump the coin before they get to use it for the purpose for which it was bought for.

If they want to use it to launder money, they would not have given any hint of it on the news, they could have picked an interest in it too to multiply the investment, you don’t know that money is never enough for a rich man and these guys are extremely rich that the amount required to buy it is still very small to them.

[Kasabus]

Then they should do it, and hold it so the supply will reduce.
I don't know if that is serious or not, but if it is serious and they want to buy that huge supply, it's only helpful if they will not use it to manipulate the market. But those people who are vocal, cannot be really trusted, if they want to buy and they are serious, they do it in silence.

[DmitFomin]

I understand that the fund, which has been tasked to acquire 25%, unites not one billionaire, and perhaps a group of people who can afford to allocate money to buy such a lot of bitcoin. But I think that there are no specific deadlines for the fulfillment of this order and this fund can gradually buy Bitcoin over the years, perhaps partly from miners and other large holders, performing over-the-counter operations so as not to attract too much attention to itself. Although if it is an investment fund, it must complete all transactions openly in order to submit a financial report to tax authorities and investors.

[davinchi]

Buy 25 percent of Bitcoin in all Bitcoin! But it is a very big investment. So if it is really bought 25 percent, then they are very easy to manipulated market. Applying will be 25% and they will be able to take it whenever they want for good income. However, is true, then we will see the real implementation.

This is just a speculation, someone must really be a guru to have come up with such a nice idea to create a news that will get people to FOMO, it could also be whales because another tool they use to manipulate the market now is news, once they create the hype and they get the increase, they go behind the counter to dump the coin, thereby crashing the market.

It will be insane of any businessman to want to buy 25% of bitcoin, if we calculate the amount required to do so, we will see that it is quite huge for any business man to drop on market that is volatile, not that they won’t pick interest, but cannot be an heavy investment like this.

[sandra_x]

Eventually the rich will own all the bitcoin in the world, they are always a step ahead and taking time time amass their bitcoin. Whoever holds the most bitcoin will control the multi-trillion dollar bitcoin market of the future. Holding on tight to my bitcoins.

[LFC_Bitcoin]

Current (approx) Marketcap - 224 billion USD.

25% is over approx billion USD.

I’m calling bull shit on this news/article to be honest. That kind of money would have to be sovereign wealth or something. Ain’t no individual or group coming up with those funds plus good luck finding 20% of the current supply to buy. They’re not having my bitcoin’s & I’d imagine a lot of people feel the same.

[Cosbycoin]

25 percent is a lot of bitcoin and I dont think they will be risking that much.
They became billionaire with their businesses and they know how should it work.

I dont think they will just burn all that money for something which is not that much reputable to the market.
This might be some kind of news just to continue the hype that is happening in the bitcoin market.
Or, if this could be true then something evil might be behind it.

They got their money through business and I agree, but not just from one source. Business men get their money also by risking investment and bitcoin risk is very small compared to risk that they have been taking, so I wouldn’t doubt if they take this risk also.

They must have seen a bitcoin analyst that would have explained the profit they stand to get with such investment now that bitcoin is on the verge of starting its bull run, and maybe their investment will be the catalyst. The whales we talk about, isn’t that how they manipulate the market by using heavy fund to buy the whole coin they can get to buy from panic sell.

[bitcoin31]

If they really invest 25% percent of the bitcoin supply I think it will rise more the value of the bitcoin so before those billionaire invest better to ua to buy ffirst because we cannof afford maybe next few months the value of the bitcoin because it is very high. These billionaire can help us to cryptocurrency to experienced again bull run so we will sure bull run because of this news.

[beerlover]

I think this is more of a case by some billionaire to show off how much money he has than anything else. You may think that all rich people are smart but remember the fact that wall street smart people made their money by being smart however Arab oil money people made their money by just selling their oil and became super rich without working a single day in their life so they are idiots.

If someone gave an uneducated and never had to live on poverty person 10 billion dollars that person would not gain any wisdom about the worth of money in their life. That is why some Arab oil rich whale probably said something like this and just jokingly asked "how much would it cost to get 25% all money, find that out for me" to some company worker and that worker just made that into news. He is not going to do it and even if he does its not for any fundamental smart reason at all.

[Kemarit]

Current (approx) Marketcap - 224 billion USD.

25% is over approx billion USD.

I’m calling bull shit on this news/article to be honest. That kind of money would have to be sovereign wealth or something. Ain’t no individual or group coming up with those funds plus good luck finding 20% of the current supply to buy. They’re not having my bitcoin’s & I’d imagine a lot of people feel the same.

Exactly, and as much as we admire they showing enthusiasm for Bitcoin, I don't think they will simply throw there billions in this market to push the price. Those people became wealthy because they strategically place their money where it should be. But crypto is a different ball game, there are risk involved and I don't think majority of billionaires will risk their money here. Millions is a different though, maybe they can throw 1 or even 10 million and then forget about it. But billions? Nah, I don't think so.

[barota]

this news not real ... they want pump prices with their fake news . because no one can own 25 percent of bitcoin supply without high risk

[Stedsm]

Centralization, that's what they want to inspire.
Buying 25% of BTC? Will they ever be able to get it?
Not even 2.5% can be acquired so easily without a real seller that too would be done under OTC trades.
They need people like us (by adding pie-by-pie which would turn it into an ocean of BTC) and many big whales to be able to get that many BTC.

I've got a question here:
When billionaires understand that this is a safe haven asset to invest their money into "at current prices" and multiply their money in a few years or even months, why not just sell them our BTC at mouthful demand and rake in more than at least $50000 or even $100k per BTC? This would either drop their wishes into garbage, or they'd just demand for our prices and even buy at those values which would give BTC a single shot pump to the values they'd be sold at - to these billionaires.  

Trust me, each and every of them want to take control of almost everything. Just don't give your precious coins to these people, you're not just going to sell your coins but give the whole control in the hands of these guys after which they will handle the steering of Bitcoin and move it wherever they want to.

[tippytoes]

Current (approx) Marketcap - 224 billion USD.

25% is over approx billion USD.

I’m calling bull shit on this news/article to be honest. That kind of money would have to be sovereign wealth or something. Ain’t no individual or group coming up with those funds plus good luck finding 20% of the current supply to buy. They’re not having my bitcoin’s & I’d imagine a lot of people feel the same.

Might be totally fake news though. But one way or another, it will create something in the community and who knows, it might give a lil bump in btc price even if there's no truth at all with this article.  So for those btc holders, it is still good news.

[Boh manok]

Wow, this is really amazing, but naturally a billionaire who has a lot of assets who buy enough Bitcoin in large quantities, maybe they want to make long-term investments in the form of bitcoin and I really hope that this is the best for the development of bitcoin going forward

[Mahanton]

Then they should do it, and hold it so the supply will reduce.
I don't know if that is serious or not, but if it is serious and they want to buy that huge supply, it's only helpful if they will not use it to manipulate the market. But those people who are vocal, cannot be really trusted, if they want to buy and they are serious, they do it in silence.

Manipulation is inevitable specially if they do hold up 25% of the supply then theres no doubt that this would turns out to be a centralized one.
Where there are people who hold big portion of the entire numbers of btc available so this wont look appealing at all and also
they are not doing this thing for the sake of entertainment or nothing but no doubt it do always target out on making even more money.

[magneto]

"One of our clients approached us and said they were interested in acquiring 25% of all bitcoin currently available," Dadiani said. "There are a number of entities who want to dominate the market."

These are all claims. Nothing solid. I wouldn't recommend basing off your fundamental analysis through rumours like this.

Anyways, if he were to purchase that much of bitcoin's supply, he'd run into a lot of issues. He probably won't be able to obtain funds from the OTC market in that magnitude.

And if he buys it through the open market, he'd rally up the price so much that his cost per unit will be significant compared to before he started buying them up. The BTC market is simply not this manipulable anymore, given its higher market cap, wider distribution, and a more mature market.

[bbc.reporter]

@magneto. Agreed. Also, where will the broker find sellers to total 25% of the supply? I reckon an ETF issued by a very reputable institution must be approved this year. Bitcoin derivatives is their only chance to invest billions into bitcoin.

[Distinctin]

this news not real ... they want pump prices with their fake news . because no one can own 25 percent of bitcoin supply without high risk

But no one will take this news seriously, they know it's just one of the article in the market to pump bitcoin, but people does not easily buy this kind of news now, there is no reliable source and the mission to buy that big is almost impossible.