Fine Art Dealer Is Helping Clients Who Want To Acquire “Up To 25% of The Bitcoin Market”
Fine Art Dealer Helping Clients Who Want To Acquire “up To 25% Of The Bitcoin Market”
- “A buyer of this size is going to push the price up”
- Colossal demand from people that are clients of reputable banks
The Dadiani Syndicate, a fine art dealer that styles itself as an investment platform for maximizing the digital holdings and matching big Bitcoin players and seller in the same way as fine art claims to have helped clients who want to acquire “up to 25 percent of the bitcoin market” reported Forbes.
“Art and cars are a small industry, bitcoin and crypto is something different,” Dadiani said.
This relatively new service set up by art dealer Eleesa Dadiani is increasingly becoming popular amongst the super rich with an interest in crypto. The “peer to peer network” was a response to investor demand that made headlines after putting Andy Warhol’s 1980 work up for sale for Bitcoin and other cryptocurrencies.
“We found there were people who wanted us to assist them in buying enormous amounts of bitcoin,” said Dadiani. “One of our clients approached us and said they were interested in acquiring 25% of all bitcoin currently available. There are a number of entities who want to dominate the market.”
“A Buyer Of This Size Is Going To Push the Price Up”
Clients that want to acquire 25 percent of Bitcoin circulating supply is a big deal for the Bitcoin market as there is only a limited supply that is 21 million BTC that will be ever minted. Additionally, a portion that goes over four millions are already lost that further push pressure on the supply side of Bitcoin.
“A buyer of this size is going to push the price up to make this kind of accumulation even more expensive,” Mati Greenspan, senior market analyst at eToro told Forbes “There are ways to offset that kind of demand-based price increase but after a certain level there's not much you can do to prevent it.”
Buying large amounts of Bitcoin without affecting the market is one of the biggest challenges that Dadani says is overcome by avoiding exchanges.
Colossal Demand From People That Are Clients Of Reputable Banks
Dadiani also claims to have built up a consortium of sellers who have “colossal” amounts of Bitcoin and those who want to buy massive amounts. The firm is currently in the midst of its fourth trade of “very large volume.”
“We don't deal with people who are not clients of reputable banks,” said Dadiani.
Further talking about the internet in Bitcoin, she says, the internet “never waned,” though the “media paints a very different picture.”
As for other cryptos, Dadiani says currently, “people just want to buy bitcoin,” and there’s “little interest in other cryptocurrencies” but if someone wants a large amount of Ether or other major cryptocurrencies, they are likely to find a seller.