November 23, 2024

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Mysterious Bitcoin wallet becomes 3rd largest BTC holder in 3 months

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Mysterious Bitcoin wallet becomes 3rd largest BTC holder in 3 months

A mysterious Bitcoin wallet has surged up the ranks to become the third largest holder Bitcoin (

BlackRock made waves in the crypto market on June 15 when it filed an application for a spot Bitcoin ETF product which — if accepted by the Securities and Exchange Commission — will be the first of its kind in the United States.

BlackRock’s application sparked a wave of filings for similar spot products from a horde of other Wall Street heavyweights, including Fidelity, Invesco, Wisdom Tree and Valkyrie.

The prospect of a spot Bitcoin ETF whipped crypto analysts into a frenzy, sharing their bullish predictions for the price of Bitcoin — with Fundstrat’s head of research, Tom Lee suggesting that Bitcoin could reach a price of $150,000 per coin following the halving event in April 2024.

Big Questions: Did the NSA create Bitcoin?