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Hey /biz/, let me give you something to hold on to during these dark hours
I work for one of the big banks and we just had a presentation about bitcoin and cryptos earlier this week. Let me just say that these people are extremely bullish on crypto. They didn't really even care about all these China FUD shit, was hardly mentioned at all. They are salivating all over themselves because of the new asset class cryptos represent and the money they will make from it.
Institutional investors are lining up wanting a piece of the cake. over the next year more then 70 new hedge funds will be created that will focus solely on cryptos
Lot of things going on right now but I believe part of it is a coordinated attack to bring down bitcoin so these people can buy in cheaper.
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>>3479009
I've seen BTC addresses with 400 million USD sucking up coins like candy. 90% sure they arent some exchange because the coins never leave, it's pure accumulation. Someone's very bullish on the market right now, and they're got over a billion dollars in volume to work with.
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>>3479327
The winklevosses
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