Bloomberg, CNBC and other mainstream media report how the amount of crypto hedge funds is going up. I view this as a brand new SECTOR within the finance industry. Their job is to invest in what I described in my previous posts as a brand new ASSET CLASS! This is for high net worth individuals who own not millions but billions and who are afraid of opening a Coinbase account for security reasons. This is going to be MEGA business. The hedge funds will make a lot of money in fees. The early Bitcoin and Crypto investors will sooner or later sell and get it out to buy a LAMBO or a yacht. I view the crypto hedge funds as a key element in growing the asset class to 3-4 trillion. This is the sort of level the HODLERS expect! I view these mainstream news as confirmation: this will be the greatest wealth re-distrubution in modern history (last 2000 years).
There is a reason why some many well known wealthy individuals (from Soros to Carl Icahn) talk Crypto and Bitcoin down. Do you think they talk it down to give sound and safe financial advise to a hockey mum in Minneapolis who tries to save and invest college funds for her kids? Or do you think they talk it down due to a personal interest? Did they miss an early entry and try now desperately to get it? Please leave your comments below!
Some people earn money by working in factory in Ohio or Bangladesh. Other people go to talk shows or go to Davos to spread FUD.