Post
Topic
Board Economics
Re: Do you think Institutions secretly HODL Bitcoin?
by
deisik
on 23/02/2019, 20:51:13 UTC
have you ever asked if some companies are seriously investing in Cryptos and still not talking about it?

The thing with investors is you'd only know they invested in something after they've already made an exit or it can no longer be hidden. Which I think is one more reason to not take their word on what the hottest investment is.

I wouldn't be surprised if some in the banking sector already have a stash of bitcoins. At at least 10 years old bitcoin still haven't shown any sign of disappearing and that might raise confidence that it is an investment option to diversify into

That's actually a very wise thought which definitely deserves a merit (or two)

Though I don't think there are a lot of public investments going into crypto right now (as that requires disclosure of such information) but we can be damn sure that at least some of the big guns of the financial world have already invested in Bitcoin privately. Personally, I don't expect die-hards like Warren Buffett to get interested in cryptocurrencies any time soon (if ever), but other folks less stubborn and more open-minded may have already gotten their feet wet at Bitcoin investments. Obviously, they are not going to tell the world about it