Billionaire Hedge Fund Investor Reveals That He Owns Bitcoin

[cryptosec.info]

The dominoes continue to drop as more and more institutional investors actually buys bitcoin.

If you're still having doubts, be prepared to miss out.

https://www.coindesk.com/druckenmiller-invests-bitcoin

[cryptosec.info]

Many millionaires and rich people own bitcoin, but for some reason do not talk about it out loud.

This is why:



https://cryptosec.info/wrench-attack/

[tsaroz]

Many millionaires and rich people own bitcoin, but for some reason do not talk about it out loud.

This is why:



https://cryptosec.info/wrench-attack/

Nice and simple way to explain it. It's also the same reason early miners and holders don't reveal their identity and are extra careful while making transactions. Physical assault for bitcoin is rare but present. There was a real case a few years back in England when someone was forced to give the attackers his bitcoins.
I believe most of the billionaires are already having a good stake of bitcoin, most of these people are smart and they know when they see an opportunity to make money.

[(o)(o)ilikeboobs(o)(o)]

I think many people who own Bitcoin are business owners or large companies we don't know about. Bitcoin on exchanges has been steadily decreasing since the "black swan" event happened in March 2020. Several businesses or funds have publicly held their Bitcoin holdings now. It is very likely that in the future there will be many other businesses participating in Bitcoin. I think this is a new speculative trend and it benefits the entire crypto market.

[avikz]

Many millionaires and rich people own bitcoin, but for some reason do not talk about it out loud.

This is why:



https://cryptosec.info/wrench-attack/

Nah! It can't be the only reason or even the most important reason for them! Security of funds is an important parameter obviously but that's not the most important reason. I think corporates and billionaires are becoming increasingly fond of bitcoin because of the ROI and its huge upside potential.

Billionaires mean business and profit and bitcoin is the best performing asset of this decade, worldwide! So it makes sense for them to get their hands dirty!

[cryptosec.info]

Many millionaires and rich people own bitcoin, but for some reason do not talk about it out loud.

This is why:



https://cryptosec.info/wrench-attack/

Nah! It can't be the only reason or even the most important reason for them! Security of funds is an important parameter obviously but that's not the most important reason. I think corporates and billionaires are becoming increasingly fond of bitcoin because of the ROI and its huge upside potential.

Billionaires mean business and profit and bitcoin is the best performing asset of this decade, worldwide! So it makes sense for them to get their hands dirty!

If you read the conversation, it was obviously about rich people not publicizing about bitcoin, not necessarily investing in bitcoin.

[tranthidung]

Don't forget about John McAfee and many of his tweets in the past.

The news does not give us any disclosure about the amount of investment in bitcoin. How big the fund is? How big the bitcoin investment is in his portfolio? I care more about institutional investment (see in Bitcoin Treasuries and in my quantitative assessment). Even institutional investments have not yet been big enough to dump the market. Additionally, fund movements by them will be done very slowly.

It is a calculation table from my assessment, please click on link to see details.

Simply look at such news as positive signals but never should trust such things and keep your mind as neutral as possible.

Last thing but most important thing: Whales or institutional companies build up the game but retailed investors will be the ones bring the price to all time high and they have not yet joined the game. See it there Has interest in bitcoin from community increased significantly yet?. Interests from retailed investors are still fall far behind the peak in 2017.  

[passwordnow]

There are many rich people that own bitcoin but don't want to disclose it for one or two reasons like taxation and for their own safety.

The situation of comics strip cryptosec has posted why they wouldn't expose themselves to the public that they own bitcoin. They wouldn't be investors for some reasons. Always getting the right information on which investment is going to mature and will definitely give them the return based on the market's sentiment for that particular investment. And these rich, billionaire people sees that in bitcoin. It's a store of value that they cannot ignore while it's riping.

[Silberman]

Many millionaires and rich people own bitcoin, but for some reason do not talk about it out loud.

Which is as it should be really, because of social media it seems that people now expect you to disclose everything that you do to them and this is simply ridiculous, we can choose what to tell people and what not to tell, and it is obvious that when it comes to your investments only those that are closest to you should know about your activities, it is true that for the most part just participating in this forum indicates that we invest in bitcoin or altcoins but this is also why it is encouraged that here in the forum we do not reveal our identity as that could put us at risk and also to never reveal the size of our holdings.

[AmoreJaz]

Many millionaires and rich people own bitcoin, but for some reason do not talk about it out loud.

Which is as it should be really, because of social media it seems that people now expect you to disclose everything that you do to them and this is simply ridiculous, we can choose what to tell people and what not to tell, and it is obvious that when it comes to your investments only those that are closest to you should know about your activities, it is true that for the most part just participating in this forum indicates that we invest in bitcoin or altcoins but this is also why it is encouraged that here in the forum we do not reveal our identity as that could put us at risk and also to never reveal the size of our holdings.

and there are few people that will disclose their assets for some hidden agenda. we dont know the reasons why druckenmiller disclose in public about having btc stash. because if you are worried sick about your safety and security, wont tell the world about your riches.
 but his move actually may do good to crypto community, non crypto users will think that btc is not fraud after all. coz why a very rich man trusted this tech. may further boost the value of btc as it may attract some non crypto users. who knows?

[Warkop]

In my opinion, there are indeed many rich people who buy Bitcoin as an investment in the digital world, it's just that these people don't know their investment in Bitcoin, maybe only close people who are told such as relatives, friends or wives. Because rich people like this very rarely tell or tell everyone about their investment with other people because this has to be really hidden to avoid unwanted things in the future.

[franky1]

when megawhales want to buy. they will not tell the public. they dont want a competition fight over the price

when megawhales have bought in, they wont tell until they are sure they are all the way in and happy with hoard

when megawhales are ready to sell. they will tell the public they bought in. to create the competition of the public making the price rise so they can profit when they exit

in short
when rich guys want you to buy. they want to sell

[DevilSlayer]

when megawhales want to buy. they will not tell the public. they dont want a competition fight over the price

when megawhales have bought in, they wont tell until they are sure they are all the way in and happy with hoard

when megawhales are ready to sell. they will tell the public they bought in. to create the competition of the public making the price rise so they can profit when they exit

in short
when rich guys want you to buy. they want to sell

It will create a hype for sure if they will tell it to the public, I'm really sure that there are billionaires out there who are now interested to acquire bitcoin even though they are one of the people who doesn't like the idea of bitcoin before. Look at the general market sentiment of the public towards bitcoin, it is currently bullish and by looking at the graph that there are some institutions or I can say the whales that are now starting to collect bitcoin as much as they can. If you are going to look at the chart, for me we are still in the accumulation levels where there are people who are just acquiring positions as much as they can. Those billionaires for sure starting to accept and to adopt that the bitcoin can help them to increase their current net worth.

[sotoshihero]

when megawhales want to buy. they will not tell the public. they dont want a competition fight over the price

when megawhales have bought in, they wont tell until they are sure they are all the way in and happy with hoard

when megawhales are ready to sell. they will tell the public they bought in. to create the competition of the public making the price rise so they can profit when they exit

in short
when rich guys want you to buy. they want to sell

Make sense, create a hype to FOMO when they want to sell. This is this part of the trading psychology? 

There are many whales that secretly bought bitcoin , because they too sees opportunity with it. Some are publicly attacking bitcoin knowing that after years they are buying bitcoin too even integrate bitcoin in their platform. If the cant resist the popularity, they join it.

[maydna]

In my opinion, there are indeed many rich people who buy Bitcoin as an investment in the digital world, it's just that these people don't know their investment in Bitcoin, maybe only close people who are told such as relatives, friends or wives. Because rich people like this very rarely tell or tell everyone about their investment with other people because this has to be really hidden to avoid unwanted things in the future.

People who have a large amount of money will not tell other people where they invest. They will still search for the investment they think can give them more profit, and bitcoin can be one of the many investments they will buy.

Those people can just buy or invest anything they want because they can use big money to do that. We don't know how many bitcoin they already purchased and when they will stop buying bitcoin because it seems they are still trying to buy bitcoin secretly. That makes sense if, in the future, when they sell their bitcoin, they will make a big profit because if the bitcoin price rise so high, they will only sell some small amount of bitcoin to get their initial money and will hold the rest of the bitcoin to waiting for the other highest price.

[leea-1334]

In my opinion, there are indeed many rich people who buy Bitcoin as an investment in the digital world, it's just that these people don't know their investment in Bitcoin, maybe only close people who are told such as relatives, friends or wives. Because rich people like this very rarely tell or tell everyone about their investment with other people because this has to be really hidden to avoid unwanted things in the future.

Er,,, of course there are many rich people who buy Bitcoin, that is why we have stupid news like this (whether true or not). You know, most of them probably even "bought" Bitcoin because their investment relationship manager told them too, or worse, their staff member did so, and not even them. These guys do not even use a computer or wallet to access.

Which is why they end up telling. Because everyone else who actually made the decision for them already know.

[eaLiTy]

The dominoes continue to drop as more and more institutional investors actually buys bitcoin.
If you're still having doubts, be prepared to miss out.

There is no doubt and actually not a huge surprise that several of the huge investors will be holding a sizable amount of BTCitcoin and the fact is they do not need to reveal those things and it has now become a tradition that if anyone ask about BTCitcoin you should have an opinion, either you reject the market or telling the reporters that he is holding some.

[Silberman]

when megawhales want to buy. they will not tell the public. they dont want a competition fight over the price

when megawhales have bought in, they wont tell until they are sure they are all the way in and happy with hoard

when megawhales are ready to sell. they will tell the public they bought in. to create the competition of the public making the price rise so they can profit when they exit

in short
when rich guys want you to buy. they want to sell

Spot on analysis, we must always try to look for reasons to the actions of those people, what has he gained by revealing that he is holding bitcoin? Unless he is a bitcoin supporter for a long time, which doesn't seem to be the case, then the only logical explanation is that he is revealing that information now so he can take advantage of the hype that he believes is going to be generated by this information and get out of his position just when the volume and the price are at the highest possible point.