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How BTC Price Is Affected By Whales

Cryptocurrency tends to have two types of investors. To start with there are institutional investors like Goldman Sachs, which are becoming significant players in the crypto space. On the other hand, there are whales which have been here from the start just like Bitcoin. The term is just a metaphor for someone who holds a large amount of cryptocurrency – whether it is in Bitcoin, XRP, Litecoin or any other cryptocurrency, the whales are very prominent in the crypto space.

Bitcoin Whales

There are a lot of whales that move crypto from wallet to wallet but the most famous whale is one that no one has access to contacting or even have any knowledge as to who it might be. All we know is that he/she/they go under the name, Satoshi Nakamoto. The inventor of Bitcoin invented the leading cryptocurrency and mined the first Bitcoin on 3rd January 2009.

Because it is possible to determine what wallets to store the Bitcoin Nakamoto mined, it is believed that the creator owns around one…

Read Full Story : Crypto Daily™

2019-02-09 15:00:00

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