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OTC Deals

OTCbid - How sensitive is Bitcoin to Wednesday’s Fed announcement? Here's price outlook breakdown

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

" The world's largest cryptocurrency has been swept up in a broader equity market selloff, with Bitcoin now sensitive to many macro drivers, including Wednesday's highly anticipated Federal Reserve meeting that will be followed by the Fed Chair Jerome Powell's press conference.

The COVID pandemic changed the makeup of Bitcoin's investors forever, which is why now the cryptocurrency's correlation to tech stocks is at all-time highs, and it's not going back, Ben McMillan, founder and CIO at IDX Digital Assets, told Kitco News.

 

"I like to point to Paul Tudor Jones' May 2020 letter to investors, where he talks about unprecedented levels of global monetary stimulus and the fact that fiat money can be printed away. And that's why gold is a good store of value. But he also talks about Bitcoin. That really popped it up in a lot of institutional investors' radars. Prior to that, the accounts we were managing were 'Bitcoin Maxis' or early adopters. But that's when we started seeing broader curiosity."

." - Read Full Article

Source: Kitco

100K+ BTC BUYER IN NY 

-7% Gross, -3% Net, B2B, Escrow, Goodwin Procter, NY

Seller Mandate Only

NEW: 1000 BTC Per Day @ -7% Gross, -3% Net, B2B, Escrow, Goodwin Procter, NY - Look For Seller

(Buyer ; PROB SMEE-GAIL)

Post: 4.5.22

​​​​

  • Buyer is looking for 1000 BTC per day @ -7% gross, -3% net

  • Looking for a seller who can do small tranches every day for a really long period of time. Could become years.

​​​

  • Buyer = 3% 

  • Buyer side = 1%

  • Seller side = 1%

  • Intermediates = 2%

  • Test = 10 BTC 

  • First tranche = 100 BTC

  • Subsequent tranches = 1,000 BTC

  • Buyer pays for the Escrow fees

  • PROCEDURE:​​ 

  1. Buyer and Seller sign this agreement and register with respective banks. Buyer shows to the Seller a video of his bank account for the amount equivalent to the BTC first tranche to be transferred to escrow. Seller shows to the Buyer a video of his bitcoin wallet with the amount of BTC for the first tranche.

  2. Seller escrow sends escrow agreement with escrow bank coordinates to Buyer and Seller to be signed. Buyer and Seller send the signed escrow agreement to the escrow, and receive a counter-signed from the escrow.  2. (optional) Buyer’s bank will send a secured bank to bank email to seller’s bank officer (with cc to seller) stating that they are ready to make payment equivalent of XXX million Euro to designated Escrow Account of XXX LAW FIRM and request from Seller bank a confirmation email that on receipt of funds at XXX LAW FIRM, the BTC tranche being purchased will be deposited to Buyer’s Wallet. Seller bank will send confirmation email to buyer.

  3. The Buyer makes payment equivalent of first tranche (Min 100BTC) via MT103 bank wire transfer to Escrow Account at XXXX LAW FIRM and provides copy of wire transfer. Escrow agent will forward from the escrow bank officer confirmation of the receipt of the funds from the Buyer.

  4. The Seller, after receiving notification of SWIFT MT103 bank wire transfer to Escrow Account at XXX Law Firm, immediately transfers the BTC tranche to the Buyer’s wallet (and pays commission to INTERMEDIARIES) for the amount as calculated on the BTC pricing at the date wire transfer received. The transfer of BTC to Buyer’s wallet must be transacted the same day the SWIFT MT103 wire transfer funds reach Escrow Account at XXX Law Firm. Seller will confirm this transfer of BTC to the Escrow Agent, and Escrow agent will confirm this to the Buyer. Buyer will confirm the receipt of the BTC to the Escrow Agent, and escrow will confirm this to the Seller.

  5. After the Buyer received the BTC in his designated wallets, Buyer shall initiate payment for next tranche.

  6. The same procedures will repeat steps 4-5 for each tranche each 30 minutes during USA trading time until the end of the contractual agreement and until exhaustion of the agreed BTC for sale, unless rolls and extensions apply.

  7. NOTE: This BTC Sale and Purchase Agreement is totally conditional on the Buyer accepting and approving the verbiage of the Escrow Account Agreement from XXX Law Firm.

Interested parties should contact :

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