News for hackers. Stuff that matters.

A comment on Bitcoin hits $10,000. Parent comment

Re:Bitcoin hits $10,000 by wils1245 on Tuesday November 28, 2017 @10:03PM (#15804197)
If you believe them you must believe that they've received $250 million dollars in the month of November alone.

https://coinmarketcap.com/currencies/tether/

This on a daily pattern that looks like a step function. Where could this money possibly be coming from? Anonymous millionaires?

[ Parent | on HN ]
Re:Bitcoin hits $10,000 by dahdum on Tuesday November 28, 2017 @10:15PM (#15804254)
Hedge funds, family offices, etc.. $250M isn't all that much. Arrington is trying to raise a $100M crypto fund, Novogratz is raising a $500M one.
[ Parent | on HN ]
Re:Bitcoin hits $10,000 by loader on Wednesday November 29, 2017 @12:03PM (#15808466)
Their market cap has gone up $68 million in the last 12 hours. If it's truly pegged doesn't that mean they've taken in $68M in that span of time?
[ Parent | on HN ]