Billionaires Are ‘Scouring the Market’ to Own 25% of Bitcoin in Circulation
UK-based Dadiani Syndicate has reportedly been commissioned by billionaires to acquire as much of bitcoin’s circulating supply as possible. | Source: Shutterstock
By CCN: The appetite among billionaires for bitcoin is huge as ever, according to Eleesa Dadian, an art dealer and head of a secretive network for billionaire investors called the Dadiani Syndicate, in Forbes. The company has reportedly been instructed to purchase a jaw-dropping 25% of all available bitcoin in the market. Too bad that isn’t likely to happen.
An office in Mayfair, west London – this is home to The Dadiani Syndicate, the brainchild of art dealer Eleese Dadiani. Her gallery, Dadiani Fine Art, was the first to accept cryptocurrency payments, back in 2017.
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— Cryptos Experience (@cryptosexp) May 31, 2019
Whales Are Everything in Crypto Markets
The crypto community loves to talk about these colossal bag holders, as a great deal of the most significant trading is done in the shadows. The Dadiani Syndicate is apparently where a lot of this goes down. The peer-to-peer exchange was allegedly instructed to “to scour the markets and gain access to as close to 25% as possible.” Interestingly, Eleesa Dadiani is a member of the Georgian nobility.
Is Buying One-Quarter of All BTC Feasible?
Such a bold claim begs the question if it would even be possible to acquire that much bitcoin. Dadiani says her firm can’t accumulate that much bitcoin, but they’re acquiring as much as possible.
eToro Senior Analyst Mati Greenspan believes that there are only around 5 million circulating in the entire market,