After announcement that Elon Musk invested billions in btc, the price that was already high, skyrocketed just in a couple of days. A lot of rumors about huge wall street investors started to appear. But I have a very short question. Which "Wall street" or other professional investor with clear mind would invest in THE MOST VOLATILE COMMODITY IN THE WORLD after it reached $57 000
This is a complex question that any minion like us cannot understand because majority cannot risk their life savings to invest when the price is rallying at an all time high valuation but billionaires have the freedom to invest and they might be having a threshold and plan on when they will be booking their profit and we only hear about these huge investments but we never hear when they are booking their profit.