According to data shared by Twitter user @Diditaihuttu with his 45.8K followers, an ultra large Bitcoin whale who owns 122,000 Bitcoins, has been buying more Bitcoin throughout 2021 and accelerated the purchasing in November of last year.
Since then, the whale has purchased more than a whopping 4,000 Bitcoins, adding them to their crypto riches.
Mega whale buys another 4,118 BTC
The whale address 1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ, as per BitinforCharts, holds at the moment a total balance of 122,972 Bitcoins, which is an astounding $5,179,111,161 in fiat.
Over the past few months, since November, this whale has been buying Bitcoin stashes sized from 120 to almost 500 BTC.
According to @Diditaihuttu, who shared a screenshot of the whale's purchases, the mega Bitcoin holder made only one sale of 1,500 BTC. Aside from that, the whale has only been grabbing more of the flagship cryptocurrency.
Three largest BTC whales buy 5,300 Bitcoin in January
As reported by U.Today last week, three of the biggest Bitcoin holders have grabbed Bitcoin on the dip, buying more than 5,000 coins.
According to Chinese crypto journalist Colin Wu, who shared that data from BitinforCharts, those three whales from the list of the top 50 BTC holders.
They purchased 1,455; 3,000 and 867 BTC. Back on Jan. 7, that amount of Bitcoin constituted a whopping $225,204,067. Another major wallet, though, sold 4,250 Bitcoin.
Wu pointed out that those three wallets were not marked as belonging to any crypto exchanges.
Bitcoin cannot beat gold: CEO of second-largest gold miner
The CEO of Barrick, the second-biggest gold mining company in the world, has told Bloomberg that in his opinion, gold is likely to hold first place as an inflation hedge over Bitcoin. He stated that the demand is for gold and jewelry, rather than for cryptocurrencies, and BTC in particular.
Mark Bristow believes that, most likely, gold will be trading between $1,750 and $1,800 per ounce.
Bitcoin at the moment is trading at the $42,000 level after crashing from the $46,500 zone last week, along with Ethereum and numerous other cryptocurrencies.