The Dadiani Syndicate set up by art dealer Eleesa Dadiani, known for putting 49% of Andy Warhol’s 1980 work “14 Small Electric Chairs” up for sale for crypto, has had some odd requests in her time.
As another fixer who has become adept at matching the wealthy to their crypto requirements, Dadiani has found a new life after leaving the art world, and with Bitcoin on the up, the requests are coming in hard and fast.
Perhaps the most extravagant request she has been faced with in recent times, operating from her office in London’s exclusive Mayfair, was a client who wanted to buy “up to 25% of the Bitcoin market“—an amount in the billions of dollars. The syndicate describes itself as a P2P network for the very wealthy, but this kind of wealth only comes to a few. However, this particular challenge is far from achievable, as eToro’s Mati Greenspan points out:
“A buyer of this size is going to push the price up to make this kind of accumulation even more expensive… There are ways to offset that kind of demand-based price increase but after a certain level there’s not much you can do to prevent it.”
Greenspan maintains that of the potential 21 million bitcoins that will ever come into existence, “many will not be mined for a long time and many more are lost for good.” He adds that also many hodlers just won’t be prepared to part with their Bitcoin come what may, and with an estimated 5 million coins in circulation at present, the chance of acquisition of close to 25% of the market is highly unlikely.
Nonetheless, Dadiani has been asked, “to scour the markets and gain access to as close to 25% as possible.” She says, “art and cars are a small industry, bitcoin and crypto is something different.”
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