Grayscale buys 150% of all new Bitcoins (BTC)

The company Grayscale Investments has arithmetically bought 150 percent of all bitcoins (BTC) that have been mined since the halving. Meanwhile, Crayscale CEO Barry Silbert mocks the big investment bank Goldman Sachs:The third Bitcoin (BTC) halving occurred on the evening of May 11th. Since then, miners have only received 6.25 BTC for finding a new block, half of the previous reward.

 

Grayscale buys 150% of all new Bitcoin (BTC)

A few hours ago, analyst Kevin Rooke published a graph that, depending on the perspective, illustrates either the extreme scarcity of BTC or the bitcoin hunger of a single company: At the time of the post, 12,337 BTC had been mined since the halving, while in same company had bought 18,910 bitcoins (a good one and a half times that amount) during the same period: Grayscale Investmens.

 

Goldman Sachs: Cryptocurrencies are not an asset class

So while this company is accumulating bitcoins on a large scale, the big investment bank Goldman Sachs apparently remains crypto-skeptical. Recently, some observations gave rise to hope for a bitcoin-friendly course from the bank, but this has not been fulfilled:It had been announced in advance that the financial institution had scheduled an audio conference with its customers yesterday, which was titled: “Effects of Current Politics on Inflation, Gold and Bitcoin”.