I was talking to a friend today who does wealth management at JP Morgan for very high net worth people. A month ago he was telling me he's never seen so much money sitting on the sidelines waiting to find a home. Today I asked him if any of his clients have asked him about investing in bitcoin and he said no one has mentioned it to him in years. He then told me about the amazing gains in the NASDAQ this year and was surprised when I told him that btc has crushed those returns this year.

I don't think he's going to run out there and start recommending it, but its telling that none of these people he works with who have tens of millions of dollars have paid any attention to bitcoin or crypto in years, and they are sitting on more money than ever. The fireworks could be insane.