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How big banks are becoming 'Bitcoin whales'
There will only ever be 21 million bitcoins, and US financial giants are buying up thousands.
Police forces around the world regularly bust cyber-crime gangs or illicit market places, seizing huge stashes of bitcoins in the process. Although he doesn't declare how many coins he now owns, he told crypto website Protos in 2022 that he has not sold any and is still buying bitcoins, so we can assume his holding has increased significantly. Analysts at IntoTheBlock say Bitcoin whales like the big banks are pushing up price and demand- not an increase in ordinary people turning to this peer-to-peer digital cash.
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