Grayscale Bitcoin Trust (GBTC) is now buying up about 21 percent of newly mined BTC monthly suggesting increasing demand from Wall Street. Insatiable Wall Street Appetite for Bitcoin According to a Wednesday (May 29, 2019) tweet from Bitcoin analyst Rhythm, Grayscale bought more than 11,000 BTC in April 2019. With 54,000 BTC being mined per month, the largest cryptocurrency asset manager is buying up about 21 percent of the Bitcoin monthly supply. Grayscale Bitcoin TrustRead MoreThe post Wall Street Bitcoin FOMO: Grayscale Gobbling Up 21% of Newly Mined BTC appeared first on Bitcoinist.com.
