Jack Mallers, co -founder of a new business together with Tether, announced plans for his company to potentially acquire up to 5% of Bitcoins’ total supply, which is equivalent to almost one million BTC or approximately 800,000 BTC according to some estimates
Jack Mallers, co -founder of a new business together with Tether, announced plans for his company to potentially acquire up to 5% of Bitcoins’ total supply, which is equivalent to almost one million BTC or approximately 800,000 BTC according to some estimates. Mallers stressed that with his experience and scope, such acquisition could lead to shocking developments within the Bitcoin network. This movement reflects the growing influence of the main actors in the cryptocurrency space and suggests potential changes in Bitcoin market dynamics. The company’s association with Tether, an outstanding stablecoin issuer, underlines a strategic association aimed at taking advantage of its combined experience to benefit the broader cryptographic ecosystem.
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