Grayscale's Investors Also Looking Out For Other Coins To Invest In Aside Bitcoin + Man Looses 7500 BTC In A Hard Drive He Threw Away by citimillz

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hive-167922 · @citimillz · Jan 19 '21 (edited)

$2.32

Grayscale's Investors Also Looking Out For Other Coins To Invest In Aside Bitcoin + Man Looses 7500 BTC In A Hard Drive He Threw Away

![Screenshot_20210119010829.png](https://i.imgur.com/1MwNpsT.png)
*Bitcoin Price On [CMC](https://coinmarketcap.com/currencies/bitcoin/)*

According to Grayscale's C.E.O, Michael Sonnenshein, Institutional investors are also looking out for other cryptocurrencies asides Bitcoin to invest in. He also mentioned that the investors are doing this so as not to only choose the winner (Bitcoin) over the loosers. The C.E.O stated that the company had made $700 million in a single day.

Crypto prices are experiencing what can be best described as a state of consolidation lately even though a few cryptocurrencies experienced gain last week. The Crypto-market cap is currently valued above $1 Trillion today from around $960 billion yesterday with Bitcoin market cap having dominance of 66.2%. This is as a result of the ongoing Bitcoin surge. As at the time of writing this article, BTC price is $36,664.85 on [Coinmarketcap](https://coinmarketcap.com/currencies/bitcoin/) and the coin is up 1.25% in 24hrs. Below is a chart showing the BTC/USD trading pair market price.

![Screenshot_20210119012529.png](https://i.imgur.com/LO7dzfm.png)
*A 5-Day BTC/USD Bitstamp Price chart on [Trading view](https://www.tradingview.com/symbols/BTCUSD/?exchange=BITSTAMP)*

Also, News has it that a man from Newport named James Howells threw away a hard-drive with 7500 Bitcoin mined for four years believing that he had backed-up all the data in the drive. The man has since asked for permission from the City council to dig up the drive from the dump. He was told by a City council representative that without licencing permit, excavation cannot be possible especially when recovery of the said drive is not guaranteed and the excavation could cause environmental pollution harmful to human health. The man had later promised that he will be giving out 25% ($70 million) of the Bitcoin to the council to share among citizens if he is able to find the drive. The total worth of the BTC is $275 million.

Bitcoin options valued at a record of $3.7 billion are set to expire this month end. The options market has expanded immensely due to the recent bullish moves in BTC price. Bitcoin options are the contacts that provides investors with the right to either sell or buy crypto at a specific price within a designated period of time.

After reaching an All-time high point of almost $42,000 on 8th January last week and later dropping again below $38k, Investors are tending to be even more Bullish. Soonest, we are likely to see Bitcoin making waves and also paving way for Eth and altcoins to do same.

Disclaimer: This is not a financial advice.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@citimillz/grayscale-s-investors-also-looking-out-for-other-coins-to-invest-in-aside-bitcoin-man-looses-7500-btc-in-a-hard-drive-he-threw)

👍 leo.voter, mangos, coininstant, citimillz, ackza, challengedac, dylanhobalart, kerrislravenhill, da-dawn, firstamendment, jasonshick, uwelang, mammasitta, fantasycrypto, kitalee, joshuaetim, tin.aung.soe, tytran, underground, telokanda, tezzmax, benie111, tomlee, peterpanpan, asshole, battebilly, marvel1206, steemegg, engrsayful, dashfit, pearlumie, leofinance, gadrian, steemboat-steve, stevenson7, chris4210, tomatom, paragism, randomblock1, nascimentoab, nucleus-tezz, frankydoodle, stephennevets, yestermorrow, hashkings, actioncats, swirly, psyo, snoochieboochies, mengene, sixexgames, botefarm, colmedwardsphoto, babytarazkp, sportsconnect, kdee916, laviniatherapist, travelwritemoney, oredebby, alokkumar121, makrotheblack, mayorfaruk, montanacellist, chroniccoin, and 107 others

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@hivebuzz · Jan 19 '21

Congratulations @citimillz! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

<table><tr><td><img src="https://images.hive.blog/60x70/http://hivebuzz.me/@citimillz/upvotes.png?202101182133"></td><td>You distributed more than 30000 upvotes. Your next target is to reach 31000 upvotes.</td></tr>
<tr><td><img src="https://images.hive.blog/60x70/http://hivebuzz.me/@citimillz/payout.png?202101182133"></td><td>You received more than 6000 as payout for your posts. Your next target is to reach a total payout of 7000</td></tr>
</table>

<sub>_You can view your badges on [your board](https://hivebuzz.me/@citimillz) and compare yourself to others in the [Ranking](https://hivebuzz.me/ranking)_</sub>
<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>

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@ii323 · Jan 19 '21

What can you do for the sake of the illusory hope of wealth? I wonder who will pay for the digging up of the dump if Mr. Howells's hard drive is never found.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@ii323/re-citimillz-7qegyb)

👍 citimillz

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@citimillz · Jan 19 '21

Hahaha...Where you expecting the City council to pay for it? No man. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@citimillz/re-ii323-2kbubq)

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@kerrislravenhill · Jan 19 '21

I wish Mr Howells the best of dumb luck. Lol!

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@kerrislravenhill/re-citimillz-51uxdo)

👍 citimillz

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@citimillz · Jan 19 '21

He is not alone on this one. Lol! That's why we gotta be careful with our wallet keys. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@citimillz/re-kerrislravenhill-672hv9)

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@poshbot · Jan 19 '21

https://twitter.com/citimillzchamp/status/1351360095632977920

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