Veteran Bitcoin Investor Bets Big on Ethereum with $50M Loan

In a significant move within the crypto community, a seasoned Bitcoin investor has executed a large-scale DeFi maneuver that signals their confidence in Ethereum’s future. By depositing 55,340 ETH and borrowing $50 million USDT from Aave, this ‘OG’ investor is demonstrating a strategic approach to increasing their Ethereum holdings. This action goes beyond simply accumulating more ETH; it’s a calculated plan for long-term growth.