Post
Topic
Board Speculation
Merits 2 from 2 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 25/06/2022, 17:44:49 UTC
⭐ Merited by LFC_Bitcoin (1) ,Franctoshi (1)
The Richest Bitcoin Whale in Existence Now Has Over $2,763,000,000 in BTC After Massive Series of Transactions

The world’s largest non-exchange Bitcoin whale now holds over $2 billion worth of BTC after a string of massive transactions earlier this month.

According to crypto data platform BitInfoCharts, the whale has added 2,554 Bitcoin in a series of transactions since June 14th.
The richest non-exchange Bitcoin whale currently holds a total of 130,227 BTC or 0.68% of the current supply. It is the world’s third-largest Bitcoin whale after the wallets belonging to Binance and Bitfinex crypto exchanges.

According to crypto analytics firm Santiment, the crypto market downturn has triggered an increase in the number of Bitcoin whales.
https://dailyhodl.com/2022/06/25/the-richest-bitcoin-whale-in-existence-now-has-over-2763000000-in-btc-after-massive-series-of-transactions/amp/

You're busy selling and they are busy buying your BTC.
Follow the activities of the smart money guys.
Be wise the Storm is gonna be over one day.

I have a hard time believing that anyone who holds/controls large sums of bitcoin are going to keep it in places that can be identified as being owned by one person or entity (unless they are a public company or a government that has to make those kinds of disclosures).  Private individuals or even private institutions should be disincentivized in being known for controlling large amounts of bitcoin.  So even with something like 130k BTC, there might be some preferences to not keep more than a certain amount in any one place.. maybe less than 10k in anyone location?

By the way, I could understand/appreciate that if there is a private trust or some kind of a joint ownership, then there might be some need to create some traceability regarding sources, so the other joint owners know about fairness and accountability.. so maybe i am arguing against myself to consider that there could be some cases in which accountability or tracking of ownership is preferred.  Oh, as I am typing I just considered another case of inheritance, so a private individual or private entity might want to show ownership so that if anything ever happened, then the heirs (or the beneficiaries) will know how much BTC is out there and the various locations to find the BTC.  Anyhow, I am having some difficulties appreciating very many situations in which there would be incentives to have very large amounts of wealth to be traceable to private entities.