$210,000 Is not really a game changing sum. Should they really invest considerable it would have been done secretly. Off the exchange.
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$210,000 Is not really a game changing sum. Should they really invest considerable it would have been done secretly. Off the exchange.
As they say, the times they are a changing. Barring doomsday scenarios, the blockchain and in here Bitcoin can help diversify wealth. The only way a certain entity can control the money supply is to make their own coins and force the world to use it. The majority of BTC is in the hands of Miners and Investors if one entity wants a controlling share they'd have to spend Ginormous money to gobble up the supply and by then other people can just use another coin. TLDR Blockchain cannot be easily controlled without over the top and drastic actions.
The thing is we will never know. If what paranoids believe is true then they would have more money than we can ever imagine.
@cryptoman01 we are approaching the realm of game theory, how do we know that they haven't quietly been buying btc off the exchange and have let this report slip to boost the price before they dump there holdings!? i mean its not like this family are not familiar with these tactics!? :)
That is a solid point. The truth is we may never know how deep they are in crypto and I can't fathom ways they can crash and dump this little crypto world with their trillions if they really do exist. Eventually crypto would win and I do hope people like us see it through.