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Oranijo 2 years ago
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.