Richest people getting ready for economic crash.
As many instutions and banks going in crypto so they selling crypto to people to average people before crash to buy assets cheap.
Becouse when alot middle class and poor people start buying it means crash is near.
I read an article a few months back that looked at asset allocation of the richest families in USA and found that on average the richest families where selling stocks and bonds and switching into Cash. That is definitely a strong believe towards another crash coming. I think switching some assets out of high risk positions into cash and crypto currencies could be a good idea. Holding cryptos is already a good preparation for the next crash.
However, if rich people sell their stocks and bonds and take in cash, this is still incomprehensible to me. With the onset of an economic crisis, cash is the first to be hit by inflation. However, if then cash is invested somewhere, including in cryptocurrency, then there is logic in these actions.
By the way, the fact that large business structures have now begun to invest in cryptocurrency may be one of the ways to prepare for the upcoming economic crisis.