Quote from: Biodom on Today at 05:02:46 AM

Quote from: philipma1957 on Today at 01:45:47 AM

Quote from: Gachapin on Today at 01:20:50 AM

Blackrock's study recommends a 85% BTC allocation in a portfolio...

many WOers are at least 85% in. Imagine John Doe followed... (if global investors allocated only 1% in Bitcoin, we would cross 1m easily)

https://bitcoinist.com/blackrock-study-optimal-bitcoin-allocation/

Yep and the older guys I know all have 2-5% BTC. But they have BTC.

The question is how much will they shift. To go up to 10%-15% is likely all they will do. They will not go to 85-15 as blackrock asks them to as they do not need to.

So they have a ton of wealth with not much need to shift to btc. But they are shifting a bit.

Should be fun to see this unfold.

Their 5% could easily become 30-33%% with bitcoin going up 10X and 10% would become about 50%.

I am going out with one of them today to bargain shop at Target and Stop n Shop.

I mine at his office as his power bill is 80% subsidy. We hold over 0.1 btc from his mine location.

To him the mining is fun and games.

Although his is interested in buying a warehouse placing solar on the roof and mining at a much higher level.

He was part owner of a Bank in Lakewood NJ. USA rules state under 14% is all you can own.

He has good money maybe 30 -35 mill.

Yet we are going to Target for cheaper eggs today.

You are correct that his BTC hodl of 5 coins which is 150k out of say 30 million or 0.5% could grow to 5% if btc shot up to 300k.

Still in his case he simply does not need the money.

He was working class guy that did well in stocks and cable ownership. He parleyed it into part owner of a bank. The bank did well he sold it.
He has
real estate
stocks
bonds
metals
cash
BTC
and a few private loans where he finances guys with ideas.

These are the typical wealthy people I met while living in NJ.

maybe a dozen guys and 1 women (she is a widow of my friends partner). all of them were middle class 'norms' that did well.

All of them would stand to gain money they don't need if BTC goes from 30k to 300k. Most of them would hodl it as they don't need the extra wealth.