Mysterious $361.5 Million Bitcoin Transfer Sparks Hot Discussion Within Community

U.Today - The crypto community carefully watches the blockchain space for large transactions, which reflect the current whale activity. According to Whale Alert, a blockchain sleuth that tracks down large cryptocurrency transfers, earlier today, a massive amount of Bitcoin was transferred by cryptocurrency whales.

Staggering Bitcoin transfer revealedSlightly less than six hours ago, the above-mentioned blockchain data source shared the details of a crypto transfer, which carried almost $400 million worth of Bitcoin.

The post said that anonymous wallets had exchanged $361,584,691worth of Bitcoin — 3,856 BTC.

In the comments thread, an X user pointed out at the mighty power of blockchain transfers, which cannot be beaten by bank transactions — the transfer fee for moving the $361.5 million in crypto comprised merely 0,00066 BTC, which equates to $61,57: “Thats the power of payment. You can pay this much for 2 usd fees.”

Another commentator wrote that this potentially could be an over-the-counter (OTC) purchase/sale or a cryptocurrency exchange/whale restructuring their crypto wallets: “Large BTC transfer indicates potential OTC deal or exchange cold wallet restructuring.”

Bitcoin predicted to hit $350,000 by KiyosakiOver the weekend, the renowned investor and writer who authored the best-selling book on finance management “Rich Dad Poor Dad,” Robert Kiyosaki, published a tweet to speak with his multimillion audience on X about Bitcoin.

Kiyosaki touched on several topics in it. The first was criticizing the boss of the world’s largest wealth management fund BlackRock (NYSE:BLK ), Larry Fink. Kiyosaki tweeted that Fink had begun to dump BTC, most likely referring to massive — close to $200 million — Bitcoin outflows by the company last week in a single day.

Then the “Rich Dad Poor Dad” author said that he would continue to buy Bitcoin, contrary to his earlier tweets, in which he claimed that once BTC surpassed $100,000, he would stop doing that. The world’s largest cryptocurrency soared above $108,000 in early December, but currently it is trading at slightly above the $93,000 price level. Kiyosaki believes that Larry Fink is suppressing the price so that whales are able to continue buying it.

Financial guru Kiyosaki also doubled down on his ultra-bullish price prediction, made approximately a month ago. According to it, the investment expert sees Bitcoin soaring as high as $350,000 next year, largely thanks to a pro-Bitcoin presidential candidate winning the recent election.

Source: Investing.com