I absolutely concur with your acknowledgement that this era we are in, is beyond what most understand with Bitcoin. I too am very successful and can’t have an in depth discussion with most all the people I know, from those with Uber wealth to those worth many many millions, to those that have $5K to invest…but when the topic of Bitcoin comes up…except, they most all agree for some diversification in Bitcoin makes sense through Fidelity or better yet an ETF traded in the US. Most all of my friends have indicated they’ll put some capital to work in this area once the ETF(s) commence trading. I try to drive them crazy with BTC price movements and articles…I get a lot of groans and friendly jealousy. You hit it dead center! They won’t touch the coin, miners or Coinbase.
The ETF is what they’re waiting for.
I believe Fidelity has a high net worth division that has a desk for Bitcoin and safekeeping already setup, fyi.
When this becomes easy to buy and of course, SEC regulated, then it’s going to sponge money in and into Bitcoin from Institutions, Sovereigns, Hedgies, Arbs,
B/Ds, Individuals, IRAs, 401Ks, Individuals and on and on. I know this side of the business cold. There will be huge short traps and investors on the sidelines will come in to absorb large whale positions. The massive overhang will be bought out into institutional long term hands…
Gee, BR, Fidelity and so forth…
IMO
POST THIS and MIKEY’s POST FOR A HISTORICAL MOMENT COMING!
