Bitcoin Whale Spotted – Anonymous trader buys $400 million in bitcoin
We reported Bitcoin whales behind the recent rally of Bitcoin going over $10,000 a couple of days ago. One Bitcoin whale spotted got the attention of everybody; he gulped up some 41,000 Bitcoin totaling $400 million over the span of three days. Looking at the seven day Bitcoin price chart he already made a very handsome profit thanks to this latest Bitcoin rally.
Who is the Bitcoin whale spotted?
Nobody knows who or she may be but everybody knows this is one smart Bitcoin investor. They bought near the latest bottom and already made a ton of money on gains. Other investors see the $6,000 Bitcoin price earlier this month as the bottom leaving nowhere to go but up. And that is holding true; Bitcoin has nearly doubled in value in the past two weeks and is up 35% compared to this same time last week.
Apparently, the anonymous cryptocurrency trader who made what may very well be the largest single investment in Bitcoin ever and has an optimistic outlook. And with good reason. Bitcoin is on the march back up and heading towards an all time high. Most experts agree that Bitcoin will rocket up to the $20,000 level sometime during summer ending 2018 at $40,000 or even higher.
Buying on a Bitcoin dip is a proven investment strategy and the Bitcoin whale spotted is not alone. With jitters over potential US regulatory action out of the way coupled with similar relief out of Asia, Bitcoin bad news is in the rear view mirror. Anybody who bough Bitcoin at the $6,000 or $7,000 level earlier this month has already seen an impressive gain in value.
The purchase was made between February 9 and February 12 via Bitcoin address address 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64. That account has seen its bitcoin balance balloon from 55,000 BTC up to more than 96,000 BTC