Barry Silbert took advantage of the fall of the market to buy Bitcoins

The founder and CEO of Digital Currency Group and Grayscale Investments, Barry Silbert, took advantage of yesterday's 30% depreciation of Bitcoin to replenish his reserves of the first cryptocurrency.

"I'm buying. This is why Bitcoin was invented," wrote Barry Silbert on the social network Twitter.

Silbert is one of the richest people in the cryptocurrency industry - his fortune exceeds $ 500 million. Earlier, he said that he first invested in Bitcoin back in 2012, after the first half of the award to miners. In 2015, he participated in an auction held by US marshals, and acquired 48,000 BTC confiscated from the underground market Silk Road.

Note that even if Silbert buys the first cryptocurrency, this does not mean at all that its rate will soon go up. This morning, Bitcoin fell below $ 4,000, although it then returned slightly above $ 5,000.

Interestingly, the collapsed market has attracted more people interested in buying cryptocurrency assets. According to Google Trends, the number of searches with the words "buy Bitcoin" has grown significantly.

Recall that amid falling global stock markets yesterday, the rate of the first cryptocurrency fell by 30% to $ 5,600. 

SOURCE