Ever wondered how billionaires are entering the cryptocurrency industry? Without a plethora of easily accessed over-the-counter trading desk and with little knowledge of those that actually exist, some accredited investors are apparently turning to a slightly different vehicle for entry … an art dealer.
A billionaire - and potentially soon to be Bitcoin baron - has apparently offered to buy "25%" of the entire circulating supply of Bitcoin - a massive 4,432,740 BTC, which at current exchange rates equates to $38.5 billion.
According to Forbes, The Dadiani Syndicate – an off branch of Dadiani Fine Art – managed to find a huge market for cryptocurrency investment within the art industry.
Incredibly, Dadiani relays that one (very, very, very) accredited investor was purportedly interested in “acquiring 25% of all bitcoin currently available.”
The art dealer-cum-bitcoin intermediary suggested that it was impossible to “realize” this kind of accumulation, adding that her company had instead been instructed to "scour the markets and gain access to as close to 25% as possible."
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