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RE: Is this the Bitcoin bottom?

in #bitcoin7 years ago

I think there are quite a few of the original miners and developers who hold vast sums of BTC who are believers of decentralization, but also need the expertise of large institutions to help diversify and are also looking to the old money crowd for guidance on how to keep/invest/spend their money. Try cashing out $50M in BTC and investing it on your own. A lot of people won't even know where to look for VC or PE investments. The old money crowd will be looking to these nuevo rich to get capital for investments and will probably look to diversify their own portfolios by adding cryptos, especially if it allows them anonymity.