Bitcoin Forum

Yesterday bitcoin already reached $18,000 which is near to the last 2017 ATH. It shows how important bitcoin is  after 2017 ATH then suddenly crashed and  now coming back to catch up again or maybe even exceed its ATH. Bitcoin is really valuable and the demand on it keep on increasing. Some big companies are now adopting and allowing cryptocurrency buying and selling like Paypal and Square.  And now not only big companies but also millionaires want to buy and use cryptocurrencies. I think, nothing can stop the continued increase in adoption of bitcoin.

Thanks for sharing and, in fact, that survey well represents what I've always thought.
We have been experiencing a greater demand for bitcoin and new on-ramps for more institutional and conventional sources.
A bitcoin for sale shortage is just around the corner and I keep repeating myself around the forum: there are not enough full bitcoins for everyone.
They are coming for your coins, watch out! 8)

Well..in my opinion they've been staking in crypto for a long time, quietly or publicly denying it and probably got it at much cheaper prices.

I’ve been trying to get hold of the survey itself, but it does not seem to be around not on their website. They could anomize the data and publish their findings in aggregate terms in order to go further than the summarized public declarations.

I’ve no doubt that the portafolios are increasingly including Bitcoin in their distribution, and in a fast paced market, the 2 year maximum deadline (end of 2022) is seemingly far off. Perhaps they’ve got the figures for current and 1 year off periods of time, which is what I was looking for.

I don't believe in survey and have more reasons to not believe in online surveys.

If the survey is correct and the article gives us the truth, it is a good signal (increase from 68% to 73%) that millionaires slowly change their minds and wise capital from millionaires whales will join crypto market. It will bring another wave of big capital flow into bitcoin after institutional investments.

The ages of those millionaires are unknown but I think they are young or up to middle ages.

Hello mate! Your reply to my post is not related to my topic or even in cryptocurrency. Victoria’s Secret Stores LLC is not also adopting bitcoin as payment for their products.

I'm not surprised they own or want to invest in crypto during bullish rally. If the survey had bee conducted in March there would have been no such result.

The 2017 rise was fulled by ICO fever and FOMO which was largely small-scale individual investors. The difference now is that we've had a few more years of history, and anecdotal evidence suggests that the current rise is backed to a much greater extent by institutional investors and other serious players - people who are less likely to panic, and are generally more astute in their investment decisions. It bodes well for the future.

I think they are just hype for the current state of Bitcoin where the price reached for $18k and they think that they can double up their fortune if they invest with it maybe we should count them in once they are already on the industry. But also it's good to see the millionaires are looking at the bitcoins right now since this is another big help for Bitcoin if they can influence other millionaires to join here.

Do they buy bitcoin for its true advantages? Or they just dont want to miss the opportunity to earn money  ::)

I love to see how people react to bitcoin nowadays but it does not necessary that they truly want to adopt this technology. In 2017, there were numerous of novice investors who want to earn fast money from the ultra FOMO. And most of them ended up losing money. Some even hate bitcoin forever.

But the current momentum tells us another story. I believe that this uptrend is more powerful than the previous. We are having the stability in our market which is built by veteran and rich people

There is one bad news for all those millionaires who are just planning to invest in BTC, while they are considering whether or not to invest, the price of BTC will be higher and the amount available on the market will be smaller. Luckily for everyone else who doesn't have millions, the fact is that a good part of those millionaires are not very intelligent, inheriting a million is not the same as earning it.

The later they invest the better, let the wealth be redistributed a bit - so let everyone who has at least 0.10 BTC become a millionaire at least in their national currency :D

Earn money most likely, though those that haven't bought any are most likely pretty late to profiting big off of Bitcoin. The more they invest now, the more that their wealth would just be pretty much given to other early investors instead of the wealth of others going to them. Most late investors were only there due to the hype, as well as the imagination of Bitcoin starting off of at less than a dollar to what it is back then and now.

Well, they're more likely to profit off of this time compared to the 2017 one. This one, as you said has stability in it, compared to how 2017 went which can be compared to how a roller coaster literally rolls you up high just to let you fall deep down afterward. Hopefully, though, it continues, and we can stand at this level as a stable level for the near future.

Millionaires hve been showing interest on crypto since a long time now. They are just not vocal about it! Otherwise, do you think the recent bitcoin purchases by the corporates were an overnight decision? Definitely no! Possibly the process of making those purchase decisions had started 1 year earlier than the execution date! But because these are company secret, they were well guarded and only came out to public after the purchase!

I sincerely hope this trend continues!

While it's good for the price and the future of Bitcoin that millionaires are interested, I don't think it's enough. These people are already very rich and have more money than most people will even earn in their life. So them getting even richer by investing in Bitcoin is not very inspiring to me. Bitcoin  is something that allows people with low income to get a chance, people from countries with terrible economies to survive by keeping the little they have in BTC. Moreover, for these millionaires Bitcoin is probably just another way to get even more money, as if they even need it. Most of them probably doesn't care about technology and ideas that Bitcoin represents, and are not interested in the increase in usage of Bitcoin as money.

That's exactly what I was thinking. Whether this is just some sort of hype for the millionaires to encourage their fellow millionaires to engage in cryptocurrency or the survey is legit, what's important is these rich people will be the main contributors for Bitcoin to reach the unthinkable price range.
One thing I have noticed in this current bullrun is that, people loves to add more hype to the crypto market as If they are rushing things out for Bitcoin to reach new ATH

The question is would all those millionaires want to hold bitcoin after a fresh crash? To me, this sounds like the majority of them are only interested in bitcoin now, after all these years, because it's having a bull run.

It also means that these are the kind of people who won't take steps to protect their financial privacy or control of their bitcoins, just using an exchange to store it all.

Recently a Mexican Billionaire announced that they put 10% of their liquid holdings into Bitcoin, I think the trend will continue.  For the wealthy being invested in many things that hold or increase value is very important.  They know fiat currencys are being printing at shocking rates and likely that will not stop anytime soon but rather only increase.  Look at the m2 money supply to see for yourself.

The rich always try to multiply their wealth because they are scared of coming down poor, so they search for places to invest like stocks but that has not been profit oriented lately that is why bitcoin is their next consideration. My guess therefore here is that if bitcoin crosses the last time high and holds stronger, you will see more millionaires investing in bitcoin.

I really like this kind of news as it only shows that millionaires are now starting to believe in bitcoin not only because of it's current price but because of it's continous and steady acceptance from popular companies like what happened to PayPal and other popular companies who are now accepting bitcoin.

If those millionairs will start to accumulate their own bitcoin then it will surely push the bitcoin price to increase it's value to a new ATH or even higher to what we are expecting. Maybe we can see bitcoin price to reach above 100k$ if those millionaires will start to make their move in buying bitcoin.

Great news.

First people were laughing at bitcoin that it's a money for nerds like world of warcraft or diablo gold. Then they were saying it's money of the dark net because of that huge silk road case. Next it was ransomware and bitcoin became money of extortionists and hackers. Now it finally became digital gold.

In time it's going to be reserve currency, you'll see.

This is an open market, we all are welcome here no matter what is the status of our life. These people are seeing Bitcoin as another form of investment where they are making money from it in the near future unlike those who are in the lower level. But it gonna be wrong if they will accumulate more Bitcoin this time as the price goes high but on the part of early buyers, they are the blessing who are helping the market price moving up.

That survey result isn't manipulated and we know that more people who can really afford to buy crypto have shown some interest. They aren't showy to the public and keep anonymous but certainly, they are doing this for quite long.

Its a huge hype & i m not surprise at all after seeing the price & the news. The price was increase bcs of grayscal & paypal hype announced. Thanks 4 sharing news but which millionaires buying this?

i can say a lot of them are secretly stashing crypto way before this price surge in the market. of course, some are silent about their crypto holdings as the tax authorities may look into their additional wealth. also, crypto is a good way to "hide" your assets, that is if you believe about crypto investments particularly btc investments.

And that's the good thing about bitcoin theres no classification of whoever were welcome to join here.its not exclusive for a rich people but to think that everyone who are willing to join the society, willing to learn new investment and have a courage to trade then he/she are welcome here. Lets be glad that despite of current global economic crisis we are facing right now it seems that bitcoin were not really affected by it.

I think the 2021 bull run will be different from the 2017 bull run.  Housewives used to invest, now millionaires will invest.  In an even more distant future, only states and large corporations will become holders of bitcoins. 

More than 99 percent of all bitcoins will be mined in 2036.  I think that Bitcoin will become the world's reserve currency in 2030-2040.  Bitcoin will also become a protocol for virtual reality. 

The Internet is of great importance for business, communications, entertainment.  In the future, virtual reality will become even more important.  At the same time, the value of Bitcoin will also grow.  Bitcoin is a universal value.

The main thing is that these millionaires and billionaires have enough nerves not to sell bitcoins, as the head of SoftBank did.
https://markets.businessinsider.com/currencies/news/softbank-masayoshi-son-doesnt-understand-bitcoin-sold-stake-price-distraction-2020-11-1029822842

Many do not have the correct information about bitcoins, and today the news background works as coordinated MEDIA FOOD.
https://www.foxbusiness.com/markets/bitcoin-gold-safeguardin-american-wealth

As bitcoin grows, it will grow, and the main thing is not to lose your head, listen to several sources, draw your conclusions, and live as the saying goes, "Hope for the best, but prepare for the worst."

But we should be careful with many companies who buy bitcoin because they will buy a lot of it, the market will be more volatile more than now. Bitcoin price movement will just depend on supply and demand or depend on someone who buys and sell bitcoin, if they make a decision to sell bitcoin we will see more dump that will happen. That is a bad thing for bitcoin, but we will have a good thing for bitcoin in the future.

There will be many people who will believe that bitcoin is safe because currently as we know there still many people who consider that bitcoin is not safe and they will lose their money in a few times. Also, mass adoption will come if many companies accept and have bitcoin, they will invest in bitcoin and also these things will attract more companies to join. I hope an adoption comes not only at a time when bitcoin prices are high, but they will also survive a big dump like three years ago.

But my concern is what is their motive in investing in crypto?

- Do they really wanted to put money because they trust crypto specially bitcoin?and believe that the future currency is crypto?

- Do they wanted to invest here because of Easy Money as what their friends trying to tell them,that they can Bag Money here in Simple way of Buying and selling quickly?

And the Mexican second richest Person in investing its 10% wealth into bitcoin things that may Lure other millionaire in the world.

I'm intrigued to find out whether those who answered "yes" will really end up purchasing cryptocurrencies or not. I have a lot of friends who've been wanting to purchase crypto for years, yet they have never owned a single satoshi.

That sounds quite bad for a distant future, honestly. With millionaires and billionaires joining in, expect heavy price manipulation by the rich. The situation will get to a similar point where precious metals currently are today. If the wealthy don't want a bull run, it doesn't happen.

Not a surprise, I think.
Rich people won't stop to invest on something which will give them profit and it happen that Bitcoin, especially at this moment, is really a profitable investment given how huge the price increase is. There's a momentum and I've also heard that many people are again interested with cryptos right now. Probably those who are calling this technology a scam, have holdings. If things would be quite consistent, there is indeed a possibility for the ATH to be broken and that's being anticipated.

For sure a lot of rich people actually know about bitcoin but maybe some of them were just afraid to invest at first. But since bitcoin is now doing good and it's also increasing its popularity, they are now considering investing in bitcoin, which is nice. It's a good sign that not just billionaires and big companies but more people, in general, are now starting to recognize bitcoin and wanting to adopt or to invest in it. And for sure that this will continue in the next coming years.

I don't know. Currently some bitcoin whales are able to manipulate the price with large orders, companies wouldn't be able to do it that way, they'd need to announce things in advance, take care of not affecting the price...

Seeing the price of Bitcoin which continues to rise and more and more big companies are deciding to invest in Bitcoin,
It is very normal for more and more millionaires to want to buy Bitcoin too. But I am quite surprised by the results of
the survey which said 73% of millionaires don't want to be left behind when investing in Bitcoin, that's a pretty big
percentage in my opinion. This is really great news.

You can divide those fellas on which group did they belong neither to those who do accept and willing to take the risk or does have that kind of business minded type then most of the time these
people will know about on whats new and whats trending in the market.

Theres no doubt that Bitcoin will really poke out interest not only into its Fomo'ed price but into its actual utility.Earning is just a bonus but sadly majority
is been seeing this as the main thing.

As much as I love and have invested into the concept of bitcoin/crypto, please pay no attention to this survey.

I mean, have you ever been approached by someone who wants to take a survey? How often are you likely to entertain them unless you have a strong positive or negative opinion about what they want to talk about? I mean, if a couple of mormons approach me asking to do a survey it's a case of "Sorry bro, I'm about to miss my bus". So yeah, the data doesn't include the masses who - unfortuantely to this date - don't give a shite about crypto. And if whoever took this survey are saying they are including all disinterested people within their survey, then they're definitely telling porkies.

Saw the news earlier today. The rate at which they are getting into Bitcoin now is more than what it used to be before. This year has been totally different and most of the things that the community has been wishing for are what’s been happening, and I can’t wait to see more of it.

Although I have been seeing some people that they also want to Amazon to come into cryptocurrency, for me I don’t really think that’s necessary. And as for PayPal, there are some limits on how their buying and selling of Bitcoin works, you can’t send the Bitcoin you buy from them out to another wallet, maybe in future they will make some changes.

Surveys nowadays are done online. I don't know how they would target millionaires though, that's true.

Also something that has change (or rather, evolved) since 2017 is the money printing. Money printing is off the charts, so anything that promises to be a hedge against that has to interest rich people. Will that last, hard to say. Clearly for a time it was the stock market that benefited the most, Bitcoin is only catching up, if we look at the amount of money involved.

So many companies are beginning to buy into the idea of bitcoin as the universally accepted currency across platform and borders and it raising price is an indications that there wider acceptability of bitcoin and it going to break another record this time which may go above $20,000 before this year end which will beat the 2017 record.

The rise of bitcoin is real and yeah institutions are playing a big role in it. Gone are the days when people thought it was only a hoax or scam. But still, there are a lot of people who don't believe in it.