Why Billionaires Are Suddenly Buying Bitcoin

[JettSetto]

A review of billionaire CEOs and Hedge Funds that decided to buy Bitcoin in 2020 and the reasons why the decided to do so: https://www.youtube.com/watch?v=q5b_E9qWaD4

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[thirdkiller]

Most likely, those who deny that they bought cryptocurrency have done so for a long time, but hide it for some reason.

[Twentyonepaylots]

Most likely, those who deny that they bought cryptocurrency have done so for a long time, but hide it for some reason.

I believe on this too, most likely billionaires already got bitcoin in 2017 when it started to grow or maybe before that year, they are just fudding a lot to create this illusion that no one's liking bitcoin especially people with wide influence so they can buy in cheap price this drives the price going up making people FOMO. So in conclusion of mine, it is not a sudden even where this wealthy people are just jumping into bitcoin now.

[dothebeats]

The most likely answer is profits, for obvious reasons.

I believe that there are a good chunk of millionaires and billionaires who are already in possession of a considerable sum of bitcoin, though are being discreet about it or are just outright denying it since they haven't accumulated enough yet. As an investor, you don't want to compromise your position very early on in the game if you want to maximize your profits, so it is just smart for them to badmouth bitcoin and crypto very early on while buying in the shadows.

Just look on how much gains bitcoin has had within the past 5 years alone. If that isn't enough to tell you that there's money to be made on a 'new internet fad' then I don't know what will. They have their eyes on this one and possibly even cashed out on 2017 and are just doing it more publicly to subtly tell people to buy it since they are on it.

[ShowOff]

The most likely answer is profits, for obvious reasons.

I believe that there are a good chunk of millionaires and billionaires who are already in possession of a considerable sum of bitcoin, though are being discreet about it or are just outright denying it since they haven't accumulated enough yet. As an investor, you don't want to compromise your position very early on in the game if you want to maximize your profits, so it is just smart for them to badmouth bitcoin and crypto very early on while buying in the shadows.

Of course, it can be called a trading tactic to maximize the opportunity to collect more when price fall. There is nothing without risk in investing, so every investor must know what the risks of this investment are and will consider them carefully.
If I had a suitcase of fresh cash and wanted to invest in bitcoin, then I would never brag to anyone about this because the risk would increase.

Just look on how much gains bitcoin has had within the past 5 years alone. If that isn't enough to tell you that there's money to be made on a 'new internet fad' then I don't know what will. They have their eyes on this one and possibly even cashed out on 2017 and are just doing it more publicly to subtly tell people to buy it since they are on it.

We never even knew who invested in large amount of bitcoin in the last 5 years because they never wanted to reveal it to anyone for security reasons and so on. I also believe, if the government find out that we make a lot of profit from crypto per year, then taxes will be imposed on us.

[avikz]

A review of billionaire CEOs and Hedge Funds that decided to buy Bitcoin in 2020 and the reasons why the decided to do so: https://www.youtube.com/watch?v=q5b_E9qWaD4

What else can it be other than profit?? I mean if someone is buying bitcoin in bulk, it's for making peofit and also for hedging the market risk. I don't see any other reasons apart from that! But it's good that billionaires are showing interest in an unconventional asset like bitcoin. I am waiting for the day when Warren Buffet will buy his first bitcoin!

[KIZILAGA]

Main stream media,even JP Morgan began to shill Bitcoin,it seems fishy.Maybe they will offload bitcoin and found somethnig else.

They project lights ,attention to bitcoin..why? why?

[death69]

They are Billionaires. They have money. They can do whatever they want in their life. No one can control their decision. If I have such money like that, buying bitcoin spontaneously is my entertainment so as I will happy to see charts are influenced by my action. Just kidding

Bitcoin is determined as one of the number one profit right now. Buying bitcoin can give you a huge income in a near future, even in the next 2-3 years. Many things have proven that the price of bitcoin has a reasonable momentum which can boost bitcoin up at anytime. The only thing we need to do at the moment is to be patient.

[gantez]

The market do need billionaire buyers to create huge volume that will give more awareness to it. The capitalization will grow faster with that when these billionaires come in and it will introduce many institution coming also.

[bocyaj]

A review of billionaire CEOs and Hedge Funds that decided to buy Bitcoin in 2020 and the reasons why the decided to do so: https://www.youtube.com/watch?v=q5b_E9qWaD4

It's very simple one.They want to hide their money from society.Before they will buy a acres of land with the money and now it was happened with of bitcoin.Since the transaction of bitcoin was not a traceable one.It had a positive one us,it will increase of demand of bitcoin in the market.Soon the price of bitcoin will reach to the sky.

[bittraffic]

Most likely, those who deny that they bought cryptocurrency have done so for a long time, but hide it for some reason.

Definitely. The ones who have already bought before will likely buy more for long term while they also work out to avoid getting associated with crypto like Elon Musk. I seriously doubt that Warren didn't buy coins. Billionaires are aware how vulnerable the fiat and it just depicted when the covid19 crisis stikes. If they want the value of their wealth not to diminish overtime because the government is printing bills, they would find ways and BTC is just the proven solution for it.

[Artemis3]

A review of billionaire CEOs and Hedge Funds that decided to buy Bitcoin in 2020 and the reasons why the decided to do so

Hmm maybe they got a clue from reading Bitcointalk?

Or more likely there is a domino effect, after watching the likes of Square getting involved, they may have a mini "FOMO" that could be feedback looping themselves. I mean, the current administration is printing like there is no tomorrow, what could possibly go wrong?

As long as politicians/institutions have the power to abuse, they will.

Bitcoin is the best way to preserve your wealth in case the things that seem to be looming in the horizon do happen. And remember, if the USD falls, the EUR and other fiats won't remain unscarred. It'll be called "The monetary crisis of 202n" or something like that, and there will be pretty documentary like movies like "The Big Short" for the "Housing Crisis" of 2008 (which triggered Bitcoin's creation in the first place).

In other words, even some of them, will eventually learn the reason of existence for Bitcoin was precisely this.

[TIDOVEE]

That's why the rich are getting richer, they take every advantage available to invest and are never tired of taking risks especially when it's with a low risk calculative investments like bitcoin.take note; they form the whale's that pull heavy profits during trading. And if you're notice more frequent buying at this time, you should know it towards the bull.

[BrewMaster]

CEO of some company buying bitcoin is not the same as "billionaires buying bitcoin". you are just exaggerating possibly to get youtube views. the fact is that those real rich people who have been buying bitcoin have been doing it under the radar and you will never know about it. the rest who have some business to advertise will always make it public for advertisement.

[JakobFugger]

Inflation, Inflation, Inflation.
Americans doesn't have much idea of how destructive inflation is. But billionaires know it well. That is why they are looking for exotic investments that can help escape the possible global inflation that we are going to experience. In addition to the extremely low interest rates that encourage you to risk more with investments.

[milewilda]

A review of billionaire CEOs and Hedge Funds that decided to buy Bitcoin in 2020 and the reasons why the decided to do so: https://www.youtube.com/watch?v=q5b_E9qWaD4

Rich people would always be updated on whats happening into the world specially into those money making opportunities and that doesnt excluding cryptocurrency and on asking on why billionaires are suddenly buying bitcoin? Of course that would really be mainly talking about on getting profit because no one will really just join just because they do purely support on whats the project is all about but well there might be ones but
in most cases people will go after on money making thing which these billionaires arent really blind not to join with the wagon, so theres no doubt that they will consider this option and since theyre financially capable
then buying bulks would really be easy as pie and when they do make or see some profit then sell-off will surely be a basic thing.Its just good that Bitcoin is really getting some recognition now.

[Serious475]

Most likely, those who deny that they bought cryptocurrency have done so for a long time, but hide it for some reason.

If you already have a funds and you want to make your money multiplied by many times then you should really buy bitcoin because bitcoin can make your money multiply no matter how big or how small it is. But you should know that your money might also get lost when you don't have enough knowledge about bitcoin and bitcoin trading so you should study about the bitcoin and bitcoin trading first so that you know what to do when you already want to make your money multiply.

[adzino]

They are billionaires. They can afford to lose hundred thousands of dollars without any problem. They have enough money to even throw them away. So instead of keep those money idle (idle cash) in bank with low returns and no safety, they decided to invest in bitcoin. They know the potential behind bitcoins and crypto currencies, so they are just testing out their luck. If the price of crypto currencies skyrocket after years based on what they have heard, then they will be even more rich. If it doesn't and drops, they just lost "few" million dollars which they probably don't care about at all.

[dimonstration]

Most likely, those who deny that they bought cryptocurrency have done so for a long time, but hide it for some reason.

Many already did buy bitcoin long before probably when BTC isn't that high at all since they have the money to afford those coins but not announced it, only by now they are acquiring more BTC since the stock market isn't in good condition and having BTC is a good way to use their money for trading and some way to make their money works as it shows stability in a way that it ranges only in same value of 9k-11k in few months already. Billionaires finds way to make their money grows more especially if they have companies they need to sustain during this economic problem.