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"Wall Street could have 5% of the current supply of Bitcoin (BTC)"


In his recent live stream, prominent Bitcoin blogger IvanOnTech referred to the fact that Wall Street mutual funds could be storing around five percent of the current supply of Bitcoin.

He came to this conclusion after analyzing the recent Grayscale fund financial report. The latter reveals that the company has 1.7 percent of the current supply of BTC, around 360,000 BTC, which is what IvanOnTech wrote in his recent tweet.

Image via Grayscale

However, he is confident that since there are several major mutual funds dealing with Bitcoin and other digital assets, such as Grayscale, the total amount of digital gold held by Wall Street could actually be five percent.

That constitutes around 900,000 Bitcoins.

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