Say you're a major hedge fund or bank looking to make large #Bitcoin purchases.
You take a large portion of your cash reserves, start mass #Bitcoin inscriptions driving up txn fees with the goal to feed #Bitcoin miners, then purchase #Bitcoin OTC.
Increased miner revenue, especially the publicly traded miners, puts sell pressure on price action; Maintaining a moderate price for accumulation.
If inflation is going to erode the value of fiat, why not quietly swap it all.
That's why I would do with a couple spare billion. I mean, billion are pennies to trillions.
Just a thought of our current #Bitcoin climate. Bullish in every scenario.
My two cents.
/ Oranijo
npub1kk…7w9wg
2023-05-20 21:29:34
Author Public Key
npub1kkxezzghnmskkdnl8ad8j6hhprnds84c95z4u7lg0h4lmcynyyrs67w9wgPublished at
2023-05-20 21:29:34Event JSON
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