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
https://coinmarketcap.com/currencies/bitcoin/I know that I will be attacked by BTC supporters, but you are welcome.
I'm not going to attack you, but I'd like to ask you something.
Aren't Gold, Platinum, Silver, Oil all highly volatile? Still they're traded by these people while these things are probably backed by nothing except their use case. Bitcoin's use case is its need to run the whole crypto economic system and if BTC won't outperform, alts will die. When an asset class of its own kind has born, why do you believe they've got no reasons to buy BTC? When there's profit, when there's a wider audience now who's ready to eat up all your sell orders and when there's more to come, why the hell do you think that these WallStreet guys won't be interested in BTC? You know something mate? BTC is pseudonymous, meaning that those who invest in BTC don't even need to tell anybody that they bought it until their targets are achieved.