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Early Bitcoiners Sold $30 Billion to New Speculators
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During the retail driven mania of December 2017 to April 2018, early Bitcoin investors (whales, OG's, whatever you want to call them), sold $30 BILLION dollars worth of Bitcoin to speculators, according to research from Chainanalysis. This actually increased the available trading supply of Bitcoin by over 50%, leading to the recent depression of the Bitcoin price, according to ChainAnalysis.
Let's talk about the research a bit further, a recent Ripple class action lawsuit and the general market movements.
Dowload the Brave Browser (my ref link) for an ad-free browser that supports the crypto industry: https://brave.com/cry267
Chainanalysis Research: https://blog.chainalysis.com/money-supply/
Use code strengthinnumbers to get 50% off your tickets to NAC3 in San Francisco on June 23rd with myself, Carter Thomas, Crypto Lark and more.
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