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❕NEWS Grayscale Continues To Buy Bitcoin

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aryan4

aryan4

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Digital asset manager Grayscale Investments added 2172 Bitcoins to Bitcoin Trust, according to GBTC Bitcoin Tracker on Twitter today.
The amount of purchase made is approximately 83 million dollars.
What do you think about Grayscale company buying Bitcoin at these prices?
 
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Niftyicon said:
Grayscale has seen benefits of its previous investments in bitcoin, so, it is good they are adding more to the investment and we should see how this affects the market soon enough.
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I would like to state that I absolutely agree with you. The current Bitcoin purchase of a large institutional investor like Grayscale is like a message to the markets.
 
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aryan4 said:
I would like to state that I absolutely agree with you. The current Bitcoin purchase of a large institutional investor like Grayscale is like a message to the markets.
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Yeah! One other thing that I appreciate about this Grayscale is its diversification in investing in those coins. Not just in bitcoin but also Ethereum.
 
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The Grayscale company was investing in different8-10 coins as far as I know. It even announced that it would end its XRP funds.
 
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I believe this is because they have seen the amount of profits they have been able to make from the bitcoin they bought earlier.
 
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I think such huge investment companies will seriously affect their prices in whatever coin they purchase. I think they can make a very positive contribution to prices with this money power.
 
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There are news that other institutional investors have entered the market. Funds that might rival the Grayscale fund are reported to be announced soon.
 
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Definitely, Grayscale know what they are doing, so investing this much isn't a problem to them. They have benefited before from previous investment so I'm sure it is a great benefit to them
 
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That's a huge amount of BTC bought, spending 83$ million shows a very high price value, and only the whales are known buying such amount of BTC.
 
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They are actually holding and acquiring more so that they would be able to get more profit , now that Bitcoin price keeps increasing ,it's a better move for them to invest in Bitcoin
 
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