The chief executive officer of cryptocurrency exchange, FTX, has stated that the unlocking of Grayscale’s Bitcoin shares doesn’t really matter for Bitcoin. He aired his opinion on his Twitter handle (@SBF_Alameda).
The chief executive stated that there night probably be a buying pressure but it doesn’t still give room for anything to happen
There have been speculations and different options from experts in the cryptocurrency space as regards the GBTC shares unlocking this month. Kraken intelligence is of the opinion that the unlock shouldn’t move the market that much;
“Despite 40K BTC worth of GBTC shares unlocking in July, market structure suggests that the unlock will not weigh materially on BTC spot markets anytime soon, if at all, like some have claimed.”
An expert at JP Morgan. Nikolaos Panigirtzoglou, chose a bearish stance for the unlock of the shares as he believes it will drop the price of Bitcoin;
“Selling of GBTC shares exiting the six-month lockup period during June and July has emerged as an additional headwind for Bitcoin.”
The chief executive officer of FTX however gave his opinion for the shares unlock;
“so the unlock prob doesn’t really matter for BTC, if people sell GBTC most will buy BTC against”
Giveaway Scam Resolve; Bitcoin.org is back online: Will the perp be found?
VanEck to Give Clients Access to Crypto by Offering a Solana ETF
Solana based DEX, Orca Closes $18M Series A Round
We don’t expect all businesses to adopt e-Naira –CBN
We chose Bitt Inc for the e-Naira because of Capacity & Experience – CBN
KB24 Launches NFTs Collection in Memory of Kobe Bryant, Proceeds to be Given to Charity
President of Turkey Says the Country is at War with Cryptocurrencies
Monetary Policy has been replaced with tyranny; e-Naira will be a flop – Chiagozie Iwu
El Salvador Adds Fresh 150 Bitcoins as BTC Price Slides
Watch the Latest Edition of Inside Blockchain – 29th Nov. 2020
Crypto Roast is LIVE – 27th Nov. 2020
AMA Series with Beam CTO & Tech Lead, Alex Romanov
Keep it Locked on to Cryptotvplus
Inside Blockchain | 16.11.2020
Inside Blockchain: WHY YOU SHOULD BECOME A BLOCKCHAIN DEVELOPER
How Blockchain Technology Can Transform Governance In Africa
E-naira Project Award to BITT Raises Regulatory Questions
The Central Bank of Nigeria’s e-naira Project has generated a number of questions lately. The most recent is the contention...
Ecosystem Growth Fund: The newest ways to market and promote blockchain platforms
Fantom, Harmony, Algorand & OKEx has in less than a month announced a billion dollars fund to boost development on...
TOKEN2049 Returns for In-Person Event this October in London
Highly anticipated conference at the forefront of the digital assets space marks the return of one of the first major...
OKEx Launches Super Affiliate Program
Are you a KOL or content creator in the crypto space? Do you want to boost your earning by introducing...
Influencers Are the Drive behind NFTs Popularization – Karla Obarkpolor
The founder of NFT marketplace Qlipit and Crypto Asset Management Company, Crypto Smart has stated that influencers have played big...