Boom Terra Just Completed Another ~ $139 million BTC Buy

Terra buying BTC is becoming an everyday news. Do Kwon seems to be walking the price. And People are cheering. As usual, traders in the market sell cheap and buy expensive. So, it looks like UST is becoming stable coin backed by Bitcoin.

How Influencers reacted to the Terra BTC Buy?

Pomp on the Terra Bitcoin Buy:  Terra just completed another ~ $139 million purchase of bitcoin. That is more than 3x the daily incoming supply. There is not enough bitcoin available to support this type of persistent buyer.

Imagine spending $5 million to run anti-bitcoin ads in newspapers, rather than just buying $5 million of bitcoin. Worse trade of the century.

Terra is purchasing approximately 300% of the daily incoming supply of bitcoin. There just isn’t enough bitcoin available to satisfy the demand.

Charles Murray:  Bitcoin wins every argument but never speaks.  It is a solution to the already failing monetary system.

Michael Saylor:  Money is something to live with Bitcoin is something to live for.

Any attack on Bitcoin is an attack on human freedom. Worth recollecting, 12 years ago, someone tried to sell their 10,000 Bitcoin for $50.  The highest bidder offered $25 and the auction was then closed. Today the same bitcoin is worth half a billion dollars.

Only 21 million coins for everyone. Pump Incoming. Another 2943 locked up forever.  Seems like only Terra and Saylor are buying all 21 Million BTC. It looks like one entity is expected to save the whole market.

These kind of trades are done OTC and you will not see those orders on exchanges. Terra is unstoppable.

Bitcoin is becoming mainstream as a portfolio asset. It remains a P2P network.  The two attributes being irrevocably intertwined, each equally necessary for the system’s eventual operation.  If you are wondering why the price have not move, big guys like that do not go directly via exchanges, but they mostly go via 3^rd party companies that already have bought.

It is getting interesting.  They buy BTC and ordinary investors buy Terra.  It is as clear as water.  Only buy BTC the rest does not matter.

Recently, one of the Ukrainian refugee was able to escape with half of their life savings to the Bitcoin they held on a USB drive when fleeing to Poland.

Bitcoin has always been the best and has helped a lot of people. It will be very precious. Even if you have only 0.1, it will be great in the near future.