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/biz/ - Business & Finance

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12958955 No.12958955 [Reply] [Original]

> The firm interviewed roughly 450 institutions, everyone from wealthy families to hedge funds, pensions and endowments. About 22 percent of the respondents already own cryptocurrency, according to the findings. Those that already own it expect to double their allocation over five years.

Those with money are slowly buying and expect to double their positions. The poor are scared and will buy on top again.

https://www.cnbc.com/2019/03/08/fidelitys-new-cryptocurrency-company-is-up-and-running-despite-a-bear-market-for-digital-coins.html

>> No.12958984

>>12958955
prolly 50 responsants and 11 crypto bulls, but still nice

>> No.12959273

>>12958955

You can always count on biz to ignore sage advice

>> No.12959316
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12959316

>>12958955
Comfy. Imagine all the doomers, boomers and pajeets at this board getting rich. We gonna make it!

>> No.12959336

>>12958955
yea biz is too busy jerkin off to sergey

>> No.12959351
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12959351

Will they be buying BTC or alts?

>> No.12959359

>>12959351
Everything.

>> No.12959366

>>12959351
Doesn’t matter you retard

>> No.12959372
File: 168 KB, 1200x1146, D1F4KhjW0AIdHQK.jpg [View same] [iqdb] [saucenao] [google]
12959372

Things looking up lads

>> No.12959842

>>12959316
doomer here. can't wait to live the same miserable life but with 10 million dollars

>> No.12959895
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12959895

>>12959336
He is a handsome man, anon.

>> No.12959940

>>12958955
Why don't people ever post bearish crypto news?

>> No.12959956

>>12959940
Who needs bad news when you can just look at your portfolio? Can't get anymore real then that.

>> No.12959971
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12959971

>>12958955
Holding Monero and Ethereum strong senpai.

>> No.12960589

if rich people really wanted bitcoin, given its 21 mil supply, you'd think they would be fighting for it

>> No.12960601

my transfer is going to show in a few days; just in time to buy the top of this run and lose 50%

>> No.12960663

>>12960589
>unironically believes they don't buy methodically, just as they would with other investments

>> No.12960679

>>12960663
except there isn't enough bitcoins for each millionaire, so if they really wanted it, we'd see it in price action

>> No.12960748
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12960748

>>12959842
are you me?

>> No.12960844

>>12960589
Lots of rich people are old and don’t understand or care about crypto.

>> No.12960933
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12960933

>> No.12961296

>>12960679
>except there isn't enough gold for each millionaire, so if they really wanted it, we'd see it in price action

Investments don't work like that. You're assuming that there are millionaires don't already have exposure to BTC and you're assuming that they are all going to jump in and market buy at the same time.

>> No.12961320

>>12961296
so what is your prediction on BTC price then? Can it ever recover to $20k again?

>> No.12961378

>>12961320
I have no idea, I'm just pointing out the other anons idea was flawed.

>> No.12961557

>>12961296
>you're assuming millionaires don't already have exposure to BTC
that's correct. HNWI are starting to get exposure now but it's still not a majority. I personally know two multi-millionaires that aren't exposed to BTC at all. the majority of millionaires DO have a small exposure to Gold.