March 4, 2024

Barry Zilbert took advantage of the fall of the market to buy bitcoins

Founder and CEO of Digital Currency Group and Grayscale Investments Barry Silbertused yesterday's 30%Bitcoin depreciation to replenish its first cryptocurrency reserves.

"I'm buying. For this, Bitcoin was invented, ”wrote Barry Silbert on the social network Twitter.

Silbert is among the richest people incryptocurrency industry - its fortune exceeds $ 500 million. Earlier, he said that he first invested in bitcoin back in 2012, after the first halving of the award to miners. In 2015, he participated in an auction held by US marshals, and acquired 48,000 BTC confiscated from the underground market Silk Road.

Note that even if Zilbert buys the first cryptocurrency, this does not mean at all that its rate will soon go up. This morning, Bitcoin was falling below $ 4,000, although then it returned just above $ 5,000.

Interestingly, a collapsed market attracted morepeople interested in buying cryptocurrency assets. According to Google Trends, the number of searches with the words “buy bitcoin” has grown significantly.

Recall that amid falling global stock markets yesterday, the rate of the first cryptocurrency fell by 30% to $ 5,600.