Billionaires Are Buying Bitcoin, And Not From Where You Expect

When it comes to trading cryptos, many people turn to exchanges for buying and selling digital assets. However, a new form of the crypto market seems to be emerging from the entertaining scenes of the arts industry. In fact, this new trading method, introduced by one Eleesa Dadiani, seems to be attracting the biggest fish in the tank – the billionaires.

It’s A Syndicate

Dadiani is an art dealer and has an office down in Mayfair where she runs the Dadiani Fine Art. A few years ago, Dadiani dabbled into cryptocurrencies and eventually started trying to meet her investors’ demand for trading fine art using Bitcoin. That’s how the Dadiani Syndicate was born.

Eleesa Dadiani now runs Dadiani Fine Art and the Dadiani Syndicate under one roof. Sometime last year, she partnered with a blockchain company, the Maecenas Fine Art, to facilitate crypto cashouts. Soon, the syndicate started receiving requests from wealthy people to facilitate the accumulation of digital assets, primarily Bitcoin.

They’re Buying  25% Of The Bitcoin Market

According to Eleesa, the Dadiani Syndicate has received a request from a billionaire who wants to buy as much as 25% of the total Bitcoin supply. That’s about 4.5 million Bitcoins worth over $38 billion. It’s notable that about the same amount of Bitcoins is currently assumed to have been lost. That makes the 4.5 million Bitcoins quite a huge chunk of the total circulating supply.

Avoid Exchanges

Obviously, such a large purchase would most likely upset the market if done through other channels like exchanges. That’s why Dadiani’s company and its clients avoid exchanges and opt for one-on-one (P2P) trading instead. The company’s job is to link the buyer to the seller and get a commission from the trade. The Dadiani Syndicate is currently on its 4^th trade running into millions of dollars, with numerous transactions happening every day.