Post
Topic
Board Bitcoin Discussion
Re: If Whale hoards bitcoin, will the market run out of BTC to buy?
by
Sanugarid
on 09/09/2021, 13:28:48 UTC
Bitcoin is limited in quantity. News like so and so billionaire or so and so company bought 100,000 BTCs is now commonplace due to the dip. Will there be a time when there will be no bitcoin to buy. If so then what will happen then?


They were hoarding huge numbers of BTC for a reason and that is to earn profits. Whales who hold the majority of BTC in circulation will eventually sell their holdings of BTC but not 100% of it to take profit because it's all about money. So I doubt that no one will sell their BTC when the price is so high and no one will choose to hold when the opportunity to earn more than they invest is in front of them. What will happened would be people like them will sell their BTC at peak price and traders will follow.