Post
Topic
Board Press
Re: [2020-11-18]Mexico’s 2nd Richest Man Reveals 10% of His Liquid Assets Are in BTC
by
Sithara007
on 25/11/2020, 04:50:22 UTC
Only a few rich people have this mindset with regards to Bitcoin so I don't think they are all in on it, however can you imagine how it will be when the time comes that a lot of billionaires will change their views towards Bitcoin? I can possibly see a price surge happening because of it since now we have news kinds of whales suddenly panicking to buy more and more Bitcoin in their portfolio. The downside ofcourse is them having a big control or influence in the market where they can short or go FOMO anytime.

Bitcoin is perhaps the most liquid asset available right now and therefore you can expect extreme volatility in the near future, which results from panic selling and shorting. Now this is something that we need to accept, along with the influx of funds from the institutional investors. Some of them may be in for the long term, but I suspect the majority would like to make a quick buck and then exit.