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Grayscale Investments Purchasing More BTC Than Mined
Summary: Grayscale Investments has purchased almost 19,000 Bitcoin for Wall Street clients, according to a tweet from cryptocurrency researcher Kevin Rooke. The purchase comes despite crypto criticisms from companies like Goldman Sachs, which released a report arguing against cryptocurrency being an asset class on Wednesday, May 27. Rooke shared in his tweet that while 18,910 BTC has been ...
Grayscale Investments has purchased almost 19,000 Bitcoin for Wall Street clients, according to a tweet from cryptocurrency researcher Kevin Rooke. The purchase comes despite crypto criticisms from companies like Goldman Sachs, which released a report arguing against cryptocurrency being an asset class on Wednesday, May 27.
Rooke shared in his tweet that while 18,910 BTC has been aquired by Grayscale since halving, only 12,337 BTC has been mined since Monday, May 11. Suggesting that miners will need to pick up the pace in order to keep up with institutional demand.
The bullish quality of the correlation between Grayscale's newly acquired assets and BTC's halving is worth noting.
By Emily Mason
Tags: Crypto,Goldman Sachs,Grayscale,Wall Street
Link: Grayscale Investments Purchasing More BTC Than Mined [Copy]
