Bitcoin News
By Steven Anderson
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Bitcoin (BTC) Business Transactions
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Grayscale, PayPal, and more of them are buying multiple times the daily issuance of Bitcoin, thus creating a Major Bitcoin supply shock.
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The logic is that as long as the price of Bitcoin keeps climbing, they have no reason to sell any holdings.
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While the Bitcoin Halves every four years, they are creating a quintessential supply and demand economics.
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It now just looks like these big market players can market dump BTC to 10$. This could be a way people lose confidence in BTC and replace it with their new world order printable…
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In this regard, Sina Estavi, CEO of Bridge Oracle: “Grayscale and PayPal are creating a new world capitalism in the decentralized cryptocurrency space by buying more of Bitcoin…
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With institutional interest growing in Bitcoin (BTC) there is no way these people can be prevented.
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While all these are happening, there are several Bitcoin holders will to sell it to Grayscale and PayPal if they are willing to buy what they hold!
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Someone who did a quick math pointed to stating, 2 months about 100k coins 20 months 1 million coins 48 months 2.
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While all this excitement is happening in the market, some of them were reinstating on the fact thatmost people don't get or just haven't realized yet there is ONLY about 2.
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Institutional Investors investing in Bitcoin is something that was expected to happen either sooner or later.
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While the situation is getting interesting than ever, there are some people who do not realize the drama continuing to say, Bitcoin price action is being boring as watching paint…
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