The Impact of Billionaires Embracing Bitcoin on Future Price Trends
Friday, 22 March 2024, 09:30
Billionaires Drive Demand for Bitcoin
If billionaires are embracing crypto, that should send the price of Bitcoin soaring. But it's not guaranteed.
Bitcoin supply squeeze
Simply stated, there's just not enough Bitcoin to go around. There's now 10 times as much demand as supply for Bitcoin.
How much Bitcoin are billionaires really buying?
Billionaires, just like the smallest retail investors, are looking for ways to boost their allocations to Bitcoin.
Be careful what you wish for
Billionaire hedge fund managers are also looking for ways to get exposure to Bitcoin. Primarily, they view it as a hedge against inflation and economic uncertainty.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.