February 21, 20182min956

Anonymous buyer of $400 million Bitcoin became a billionare

Anonymous buyer of  $400 million Bitcoin became a billionare

The mysterious investor put nearly 400.000.000 U.S. dollars into No.1 digital currency Bitcoin. He is on the way to become the next »crypto billionare« in the coming days. Cryptocurrencies are making a comeback, after a loss of a much as 50 percent to start the year, which could be because of the ongoing regulation and security fears.

The price of Bitcoin increased more than 60 percent since trading under $6.000 of February 6, catapulting the price back above $10.000 for the time being.

“Not sure who that big buyer was but many have bought this dip and have added since the rebound and additional regulatory clarity in the US and Asia,” said Alex Sunnarborg, founding partner of Tetras Capital.

The mysterious buyer with the bitcoin address 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 made his purchase between February 9. and 12. He increased overall balance from 55.000 coins to over 96.000. News of the purchase blasted all over social media and forums. The community has been debating about the possible owner of this coins. “Buy low, sell high,” is the advice that’s been heard many times in investing circles. This particular investor did the right thing at the right time.

Jeff Koyen, president of 360 Blockchain USA said: “In the meantime, the $400 million whale is fuel for the Telegram channels where traders lay out their conspiracy theories. However, I am willing to believe that, seeing bitcoin bottom around $6,000, Wall Street smelled blood and jumped back in.”

That huge purchase could as well be the most brave and smart thing to do at the moment. Due to a well-timed trade, the risk-taker joined the ‘bitcoin billionaire’ club.

 

 


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