Bitcoin Steady Accumulation: Big Money From PayPal, Grayscale, And Square Expected To Pour Into BTC
Bitcoin’s price is rising these days, and the altcoins started booming as well.
While some believed that this is a rally that would end up with a great dump, the price of the king coin shows us something else.
This definitely looks like a steady accumulation process, and not something that’s driven by FOMO.
Winklevoss twins address the rally in the crypto space
Gemini’s Cameron Winklevoss is addressing what’s been going on in the past days with the prices of digital assets and especially Bitcoin.
At $18.5K #Bitcoin Google searches for “bitcoin” have not seen an uptick. This is not a FOMO rally. It’s steady hands. Few understand this.
— Cameron Winklevoss (@cameron) November 22, 2020
Lots of people in the community agreed, but there were also the naysayers. One of them had this to say:
“It’s the robinhooders pumping this up just like they pumped up tesla…I am sure u Winklevoss twins are not buying more at these crazy prices…u guys only selling. Only newbies and robinhood kids buying at these levels…Time to dump it…Pump it back up after it goes below $8k.”
Regardless of the haters, Tyler Winklevoss also had something to explain about Bitcoin’s price.
A lot of people spend time contemplating the risks surrounding #Bitcoin. They completely miss the biggest risk of all, which is to sit on the sidelines and passively watch the greatest money and technological revolution of the century unfold before their eyes.
— Tyler Winklevoss (@tyler) November 22, 2020
Other than this, big money is still expected to pour in the crypto space.
Monday! Paypal, Grayscale and Square will resume buying today. pic.twitter.com/Bukc1m4Hey
— PlanB (@100trillionUSD) November 23, 2020
At the moment of writing this article, BTC is trading in the green and the coin is priced at $18,572.39.
Earlier today, we revealed that the price of BTC could triple due to this reason.
