The big purchase
According to coinmarketcap bitcoin reached a $20.000+ all-time high on December 17th, since then it has lost a lot in value and at time of writing is traded around $10.500, which showed us that bitcoin was not ready for a sustained $1 trillion market capitalization.
According to the Bitcoin analyst, Andy Hoffman the bitcoin address 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 has in the period between February 9th and 12th made the incredible $400 million purchase of bitcoin. When looking over different social media we see a lot of debate on who it might be that have made this.
Thanks to recent price movements make many analysts optimistic about the future market. Since the 6th of February, the market has moved from around $6.000 to around $10.500 so that shows that the person behind the big purchases have bought the dip as so many people preach
At the moment, there is no information about who this investor is or which is his price prediction for the future. Clearly, he is very confident that his investment will make him a billionaire if not trillionaire. but some predictions sets bitcoin at an optimistic $50.000 other more conservative predictions set Bitcoins to hit $25.000 within a year. But what most analysts agree on is that Bitcoin is here to stay.
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The writers writing under the pseudonym of crypto Media service Iis shadow writers all with experience in cryptocurrency of at least 3 years, they have either been invested in trading or worked on the technical side of blockchain technology but wishes to stay anonymous for multiple reasons