The 430 Million Dollar Crypto Transaction

[Smokestestack]

Good job man!

[QuarterMillionMan]

He holds 60% bitcoin and bitcoin equities, 40% hard assets (ie, oil, gas, gold, etc). I like his philosophy.

Mexican billionaire Ricardo Salinas Pliego says bitcoin makes up 60% of his liquid portfolio and calls bonds 'a terrible investment' (yahoo.com)

[Sambolet]

WOW! It is great! Isn't it demonstrating that cryptocurrency can give us many opportunities and step on another economic level? Imagine making such a transaction using a traditional banking system, and how many taxes you would have to pay and how many you would need to wait for this transaction. The fact that you can transfer any sum of money momentaneously without taxes makes cryptocurrency so great. This is why I always follow the crypto trading signals I get and never lose an opportunity to invest in cryptocurrencies.

[james.hendrickson]

Sure it wasn't a ransomware ransom being paid?

More likely someone needed to buy something big.

[ua_guy]

Sure it wasn't a ransomware ransom being paid?

[kyliemack]

Yeah, I agree with you, crypto is our future, and in some years it will become our first choice of payment. There are few countries that consider the payment in crypto. This is a nice feature, that can change our entire world. I work in this domain, for almost a year. I didn`t make quite a lot, but I know and I have an idea about crypto. Annually there are a lot of transactions with different amounts of money. If you want to start working in this sphere I recommend you to use https://bittrade.one/ because this website is the best in its domain.

[bjl584]

Assuming that this is an institutional purchase?
Some hedge fund is jumping in on this maybe?

[james.hendrickson]

The fee for this was like $82. Thats nothing.

[james.hendrickson]

Guys,

Here is a screenshot from blockchain.com. It's a record of a 430 Million dollar Bitcoin transaction.

It's just illustrative of the larger point that more and more economic energy & capital are being drawn to the crypt space.