A mysterious Bitcoin wallet has skyrocketed to become the third largest holder of Bitcoin (BTC) in the world in just over three months, leaving many intrigued about its owner and sparking wild theories.
Accumulating 118,000 BTC in record time
According to data from crypto statistics platform BitInfoCharts, the wallet address first received Bitcoin on March 8. Remarkably, in the following three months and two weeks, the wallet managed to accumulate a staggering 118,000 BTC, which is currently worth $3.08 billion.
Wild theories and speculation
The rapid accrual of Bitcoin within a single wallet has generated a considerable amount of conjecture. Some users have suggested that it may be a crypto exchange shifting funds, while others have come up with a more radical theory - proposing that BlackRock is the "prime suspect."
While this theory lacks any concrete evidence, some supporters have shown their backing by posting images of a large black rock.
The biggest Bitcoin wallets in the world
According to BitInfoCharts, the current largest Bitcoin wallets in the world belong to Binance and Bitfinex, both of which are Bitcoin cold wallets. The mysterious wallet occupies the third position, with another Binance cold wallet following in fourth place.
BlackRock's influence on the crypto market
BlackRock made waves in the crypto market on June 15 when it filed an application for a spot Bitcoin ETF product, which, if approved by the Securities and Exchange Commission, will be the first of its kind in the United States. This move prompted other Wall Street heavyweights, including Fidelity, Invesco, Wisdom Tree, and Valkyrie, to file for similar spot products.
This prospect of a spot Bitcoin ETF has sent crypto analysts into a frenzy, with many sharing bullish predictions for the price of Bitcoin. Fundstrat’s head of research, Tom Lee, even suggested 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?
The existence of this mysterious wallet only adds fuel to the fire of conspiracy theories surrounding Bitcoin. One question that often arises is whether the NSA (National Security Agency) is behind its creation. However, thus far, there is no concrete evidence to support this claim.
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