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BlackJacky (OP)
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November 09, 2016, 04:07:12 PM |
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Folks,
Im wondering how hedge funds, private funds, rich family offices etc. which are invested in Bitcoin are actually organized.
Are they just buying Global Bitcoin Investment Trust (GBTC)?
Are they using exchanges or custodians like GDAX, XAPO, BTCC etc. to store the Bitcoins?
Are the storing it on her own with e.g. a hardware wallet like Trezor?
Thx for some thoughts!
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pereira4
Legendary
 Offline
Activity: 1610
Merit: 1183
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November 09, 2016, 04:14:54 PM |
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Folks,
Im wondering how hedge funds, private funds, rich family offices etc. which are invested in Bitcoin are actually organized.
Are they just buying Global Bitcoin Investment Trust (GBTC)?
Are they using exchanges or custodians like GDAX, XAPO, BTCC etc. to store the Bitcoins?
Are the storing it on her own with e.g. a hardware wallet like Trezor?
Thx for some thoughts!
Im not sure tehre are yet rich people buying enough BTC to bother with anything but buying some BTC and storing it themselves (or usually in Coinbase because they are idiots that can't make the effort to learn how to store Bitcoin locally) I don't know about GBTC but I expect all those options to get used a lot once we finally have an actual ETF. |
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BlackJacky (OP)
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November 09, 2016, 11:06:47 PM |
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Well, I think rich people or lets say the rich 10 percent are buying bitcoins. Not in big but they are starting to notice it. I have no evidence for that, its just a feeling.
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shinratensei_
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Merit: 1031
Leading Crypto Sports Betting & Casino Platform
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November 09, 2016, 11:20:12 PM |
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Well, I think rich people or lets say the rich 10 percent are buying bitcoins. Not in big but they are starting to notice it. I have no evidence for that, its just a feeling.
You mean this is just your imagine, this sadly but I think there is no difference between rich or not, they can do all of the thing already mentioned by yours. They are rich and have more money, they can do anything they want with their money, and some things in your imagine are just a small things for them. Average the rich people are things money = power. |
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clickerz
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November 10, 2016, 07:35:45 AM |
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There are some slowly adopting and secretly investing in bitcoin but not that huge enough. Of course bitcoin is not really stable yet for them to art their money. But I think they have notice it already and watching under their radar.
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Open for Campaigns
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Monetizer
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November 10, 2016, 07:43:09 AM |
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My guess is that they would be bought offline in bulk from someone who has a lot as to not worry about having to pay a premium on an exchange (As they buy up the BTC) and then they would be stored on an address never connected to the internet.
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BlackJacky (OP)
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November 10, 2016, 08:01:47 AM |
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I would like to ask again. If you are a hedge fund. Where should you go if you like to buy between 500k-1m USD in bitcoin and who is going to secure it? GDAX? XAPO?
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Gahs
Sr. Member
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Activity: 294
Merit: 250
Minter
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November 10, 2016, 09:15:26 AM |
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If I had that much money, I won't secure it with an online firm. I would store my coins in a paper wallet and keep the paper in a safe locked up somewhere.
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Carlsen
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November 10, 2016, 09:53:52 AM |
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Actually I do not think that rich people invest in Bitcoin.
If they did and it would be lucrative for them, that word would spread relatively fast amongst them.
And we are talking about billions and billions to their disposal.
So if the wealthy ones would really invest in btc, I think the price would be a lot higher than it is at the moment.
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housebtc
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November 10, 2016, 02:46:09 PM |
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I doubt it if these guys are really investing into Bitcoin presently, some of them may have noticed it and have done their research, this people will actually move the price significantly if they are actually investing into Bitcoin. The $11 Billion market-cap is nothing to these Hedge Fund managers.
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tabas
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November 10, 2016, 04:50:14 PM |
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Folks,
Im wondering how hedge funds, private funds, rich family offices etc. which are invested in Bitcoin are actually organized.
Are they just buying Global Bitcoin Investment Trust (GBTC)?
Are they using exchanges or custodians like GDAX, XAPO, BTCC etc. to store the Bitcoins?
Are the storing it on her own with e.g. a hardware wallet like Trezor?
Thx for some thoughts!
Maybe they are early adopters of bitcoin and mostly bought thousands of it from its launching or ICO days and if not they just primarily adopted bitcoin and thinks that this will be a great business for them. And they won't use an online wallet for all of it because that will be a risky way of storing a big investment and it can just blow away easily. But there are some that are just storing their funds online, just to prove that they have secured funds. |
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BlackJacky (OP)
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November 10, 2016, 06:11:30 PM |
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Lets assume a hedge funds would like to buy bitcoins. Which company would they contact?
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muhcoins
Member
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Activity: 93
Merit: 10
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November 10, 2016, 06:36:05 PM |
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if i were rich, i would never trust in these to hold my bitcoins.. there are probably rich families buying but i'm pretty sure they know how to store bitcoin in a offline wallet.
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European Central Bank
Legendary
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Activity: 1288
Merit: 1087
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November 11, 2016, 12:55:20 AM |
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they wouldn't do gbtc. that's way too illiquid. who in their right mind would trust an exchange with any amount of money, let alone a large one?
the ceo of xapo does look after the coins of some big hitters. i think a bunch of them got together in 2012 and he's been looking after their coins ever since. if it isn't him, then they'll get an acknowledged pro of a similar standing to handle it.
it's easy enough to secure them properly. the info is out there for everyone to use. it's only idiots and exchanges who don't do it properly.
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davis196
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November 11, 2016, 06:34:15 AM |
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Folks,
Im wondering how hedge funds, private funds, rich family offices etc. which are invested in Bitcoin are actually organized.
Are they just buying Global Bitcoin Investment Trust (GBTC)?
Are they using exchanges or custodians like GDAX, XAPO, BTCC etc. to store the Bitcoins?
Are the storing it on her own with e.g. a hardware wallet like Trezor?
Thx for some thoughts!
What is a global bitcoin investment trust?I`ve never heard about this. They must be really stupid if they store bitcoins on some exchanges like bitfinex or yobit. This is the worst place to store bitcoins. |
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Denker
Legendary
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Activity: 1442
Merit: 1016
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November 11, 2016, 10:51:28 AM |
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Right now I don't think that funds are really invested in Bitcoin.And many of them can not due to lack of regulation.
That's why it will be interesting when we see the first ETF being approved. This would be a registered product where the big money could start to invest in if they want.
But at the moment the market is too small and too illiquid for the real big guys.
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cr1776
Legendary
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Activity: 4214
Merit: 1313
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November 11, 2016, 12:56:25 PM |
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What is the criteria for "rich families"? etc. Without knowing more details it is difficult to answer. Folks,
Im wondering how hedge funds, private funds, rich family offices etc. which are invested in Bitcoin are actually organized.
Are they just buying Global Bitcoin Investment Trust (GBTC)?
Are they using exchanges or custodians like GDAX, XAPO, BTCC etc. to store the Bitcoins?
Are the storing it on her own with e.g. a hardware wallet like Trezor?
Thx for some thoughts!
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gufpmvgw3334
Member
Offline
Activity: 106
Merit: 10
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November 11, 2016, 01:10:32 PM |
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I would like to ask again. If you are a hedge fund. Where should you go if you like to buy between 500k-1m USD in bitcoin and who is going to secure it? GDAX? XAPO?
they would be bought offline in bulk from someone and store their coins in a paper wallet and keep the paper in a safe locked up somewhere. |
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