Billion-Dollar Bitcoin Whale Surfaces as Price Breaks All-Time High

Billion-Dollar Bitcoin Whale Surfaces as Price Breaks All-Time High

Gate Trade News Thursday, December 17, 2020 158 1

Bitcoin whales have been lurking beneath the surface for a while now. As Bitcoin breaks its all-time high, another rears its head.

 

Eric Peters, CEO of One River Asset Management, revealed today that his fund will soon have $1 billion in Bitcoin and Ethereum.

 

Those institutional investors that Bitcoin fans have waited for so long? They’ve been here for months; on the day Bitcoin broke past $20,000, another whale just announced his arrival. And he’s not the only one. 

 

Eric Peters, CEO of One River Asset Management, told Bloomberg that his fund will hold about $1 billion of Bitcoin and Ethereum at the beginning of next year, and that he bought his BTC and ETH up until the first half of November, before Bitcoin hit $16,000.