I just always wonder if those billionaires still invest in btc. Do they even know btc exist?
Yeah billionaires are one of the people who are updated about news, so for sure they already know about bitcoin and its better for them if they invest in bitcoin.
Almost billionaires are inrested on investing. I think they are invest on bitcoin to earn more money. And even not billionaires they can invest on bitcoin because they know how much they can get profit once the bitcoin rise up.
They can even invest and forget about it in their cold storage and then go about their normal lives as time goes on. The thing is that they have a great edge and if anyone is willing to drop theirs at the value they have presently, they will be so willing to take it.
Why do you think the value of BTC is soaring right now, if you think it is the upcoming fork alone, then you are wrong cause so many investors are already declaring their intentions and wall street is going to get huge on this. So anyone who does not have much and could afford no matter how little should better do that now and not end up complaining later on in the future.I think partially it's fork-related. Any time you have a snapshot of your holdings and a fork that will replicate the holdings for a new currency that branches off, there is going to be some increased demand to acquire btc before the snapshot occurs. I don't know how big of a factor that is, but I would expect that shortly after fork there will be a medium to large pullback in the price of btc. The rest of the reason the price is soaring right now is a fairly large delusion that the community holds that you can't lose money buying bitcoin. That's a dangerous sentiment, and it's so widely held that it leads me to believe we're more likely in a bubble than not.