July 14, 2021
Then, we are now in the Dollar cost average time….. do you think the unlock from 550 M USD from Grayscale on Sunday the 18th of July will drop the BTC value?
Just the fact that a good amount of people anticipate that the unlock will have a negative effect might put some pressure on the price.
So my guess is that, yes the Grayscale unlock will create some negative pressure on BTC.
But is it strong enough to move the price below $30k? Seems like there are a lot of buyers at $30k so my guess would be no.
We'll how it plays out next week.
Then, we are now in the Dollar cost average time….. do you think the unlock from 550 M USD from Grayscale on Sunday the 18th of July will drop the BTC value?
Just the fact that a good amount of people anticipate that the unlock will have a negative effect might put some pressure on the price.
So my guess is that, yes the Grayscale unlock will create some negative pressure on BTC.
But is it strong enough to move the price below $30k? Seems like there are a lot of buyers at $30k so my guess would be no.
We'll how it plays out next week.