I don't believe billionaires would buy into Bitcoin because their riches are based in fiat and it is their best interest to support the status quo. Show me proof that a billionaire has bought a substantial quantity of Bitcoin.
In the spirit of our "speculation sub-forum," indeed I have no proof. And yes, I should have written "the point is that there are at least a few rich billionaires who
could very well be buying.
The point of my post was to show the difficultly in buying up *large* amounts of coins without driving the price through the stratosphere. I used Putin as an example because only 0.1-0.2% of his estimated net worth is already 1% of the bitcoin market!
I agree that billionaires benefit from the status quo. But I also believe that billionaires will hedge their bets so that they can retain their wealth through turbulent times. What's interesting is that this "hedging" process can really shoot up the price and make bitcoin more likely to succeed.