RE: Despite the volatility, data shows that high net-worth entities view BTC as a hedge
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Institutions are pretty much the definition of smart money. They refuse to ride these emotional week to week trading waves that everyone else is on a regular basis. Rather, they take a step back and look year to year (or even 4 year blocks in Bitcoin's case).
And what do we see when we take a step back and look at the market from day one? It's done nothing but gone vertical consistently over time. Anyone who leaves their money in 4 years or longer gets a guaranteed 10x. That isn't volatility, that is consistency at an unprecedented level. Bitcoin will only get more consistent over time as liquidity increases, and they know it.
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Yep, well said and I agree. I think the pandemic, and ensuing money printing, likely accelerated the adoption timeline of bitcoin by institutions and high net worth entities.
The timing of all this is perfect.
The stars are in alignment.
The end of 2020 and much of 2021 are shaping up to be pretty fun years for investors, as long as you aren't holding dollars that is.