Category Archives: Mayfair

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Exclusive London Bitcoin Fixer’s Client Wants 25% of BTC Market Supply

market, Dadiani, bitcoin, cryptocurrency, crypto

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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London Gallery Owner Helps Crypto Wealthy Make Expensive Choices

There is an increasing number of platforms being launched to help wealthy consumers part with their cryptocurrency, usually on luxury items, writes the China Morning Post.

Such entrepreneurs have created a business seemingly out of very little, but nonetheless, they are serving a specific crypto elite and creating a thriving retailer-consumer database.

Working from her gallery in London’s Mayfair, Eleesa Dadiani is one of the new providers to the crypto rich, with clients ranging from 20 to 70 years of age. It started a couple of years ago, she maintains, has noted that those who had made significant profits from cryptocurrency trading really had no idea how to spend it. Using her established clientele through her gallery Dadiani Fine Arts she decided to make it happen by forming a syndicate of retailers and customers to turn some of this wealth into goods. She explained:

“A couple of years ago, when we saw bitcoin perform as well as it did, there was no way to use those coins. You were rich on screen, but what could you do with it? You could invest in ICOs [initial coin offerings], but what about something tangible? The answer was ‘Nothing’.”

Dadiani is certainly a believer and wants to make cryptocurrency do what it was intended for. Her gallery was one of the first globally to accept multiple cryptocurrencies; she currently supports Bitcoin, Ethereum, Ethereum Classic, Litecoin, Ripple, Dash, and NEM. Her customers come to her so she can help them make that otherwise difficult crypto purchase.

The list of her client’s purchases are impressive to say the least, from bloodstock to jets, from gold bullion to rare cars, she’s handled them all. Even the purchase of four Formula 1 cars valued at £4 million ($5.3 million) wasn’t enough to dampen her enthusiasm for her role as crypto “ middle-man.”

She says she has little time for crypto-idealists trying to create decentralized government-free crypto utopias, suggesting that people need to make a “cognitive shift” and find a way of integrating cryptocurrency into real life through gradual change. She argues:

“These libertarians, they don’t understand money, they don’t understand history,” she says. “They know nothing about politics or international relations. You have to understand the world you live in before you can change it.”

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