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Saturday, 02/27/2021 4:34:02 PM

Saturday, February 27, 2021 4:34:02 PM

Post# of 63685
Grayscale Buys $350 Million Bitcoin

Nothing fundamentally has changed with Bitcoin. It is that much stronger as a safe-haven - anti-inflationary - store-of-value than it was at the beginning of the year due to adoption. There are of course other Crypto use cases and drivers for Bitcoin. There will always be some profit taking and/or manipulation to further that cause.

The Bitcoin MARCH forward should continue with fluctuations we are used to seeing, small, medium and sometimes large in either direction, but trending north! https://www.tradingview.com/chart/BTCUSD/qT7bPOZj-Bitcoin-Halving-Reward-and-Price-History-Analysis-Part-II/.

Over time and the window has just cracked open, Bitcoin price-percent fluctuations in either direction should decline as the adoption and valuation continues to rise into the multi-trillions.

NOT at all phased with any negativity that sometimes comes with dips from dips!

$INTV / $BTC strong!

https://cryptonews.net/en/475475/

Grayscale has bought $350 million worth of bitcoin during this dip according to their latest filing with the Securities and Exchanges Commission (SEC).

“The Trust issued 7,789,400 Shares… for an aggregate of 7,383.70073325 Bitcoins representing $352,176,132,” they say. “As a result, there are 691,906,200 Shares issued and outstanding as of February 22, 2021.”




Invest on your own DD! Information I post is generally my opinions, subject to errors and omissions!

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