Trigger of recovery? Anonymous investor buys $ 344 million in bitcoins

After the Bitcoin slipped off at the beginning of the year, there was a rebound in early February. According to Alex Sunnarborg, founding partner of Tetris Capital, this could have been an anonymous buyer who bought bitcoins valued at $ 344 million.

The whole crypto market was driven by bears for more than 30 days. The Bitcoin had fallen in the meantime under the 6,000 US dollar mark, also some other crypto currencies suffered price losses of more than 50 per cent. The reason for this was above all the fear of stricter regulations. But not all investors fled from crypto currencies: A trader has apparently taken advantage of the price weakness for a million dollar Bitcoin purchase.

Although it is not known who the anonymous buyer is, but many others have joined his buying habits, Sunnarborg said to “Marketwatch”. According to Andy Hoffmann, the operator of a crypto currency website, the account with the bitcoin address “3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64” bought 41,000 bitcoins between February 9, 2018 and February 12, 2018, increasing its ownership from 55,000 to 96,000 bitcoins. On average, he paid $ 8,400 per bitcoin.