Wall Street is still out to lunch when it comes to bitcoin.
In a recent Bank of America survey, 75% of fund managers responded that they have a 0% allocation to bitcoin.
Retail is still front running the "smart money".
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The banks may be front running gold. Because they see the revaluation coming.
Central banks stopped stacking US Treasuries and started stacking gold years ago
Man… this is crazy. Sometimes when I think I am not early I then realize that we are really so early.
How do these clowns not get it?!
Smart money’s ego so big it can’t fathom buying bitcoin and doing nothing.
So much more enjoyable reading bents on nostr reads
Dumb money < Smart money < Retard money
Wall Street is like a fish of water 🤦🏽♂️
They will get bitcoin at the price they deserve. Way at the top after i’ve already filled my bags. I hope it take them even longer to figure it out
Retail leading while Wall Street hits snooze 😎
Over the past year or two, we’ve seen a growing interest in #Bitcoin from major financial institutions, from the arrival of banks and hedge funds to the emergence of ETFs. However, a new report from Bank of America reveals that only 3% of Wall Street managers currently own #Bitcoin.
This means that despite all the hype and price growth, institutional adoption of #Bitcoin is still in its infancy. Every new percentage of Wall Street inflow can amount to billions of dollars in new capital. So even at its current price of around $115,000, #Bitcoin is still a long way from being saturated by large investors.
I’m seriously debating moving all my 401k (taking the hit) and going full BTC… even tho it’s gonna be KYC
And hoping/praying I don’t need to pay cap gains in the future (unlikely I know…)
Over the past year or two, we’ve seen a growing interest in #Bitcoin from major financial institutions, from the arrival of banks and hedge funds to the emergence of ETFs. However, a new report from Bank of America reveals that only 3% of Wall Street managers currently own #Bitcoin.
This means that despite all the hype and price growth, institutional adoption of #Bitcoin is still in its infancy. Every new percentage of Wall Street inflow can amount to billions of dollars in new capital. So even at its current price of around $115,000, #Bitcoin is still a long way from being saturated by large investors.
