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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". View Article β†’
The latest TFTC rip with @Tuur Demeestr is live on @Fountain a day early and ad-free for paid subscribers. You can purchase this individual ad-free episode for $1 or become a paid subscriber for $5/month. Tuur and I discussed his recent report: Positioning for the Bitcoin Boom.
Global fund managers are still woefully underweight bitcoin. A recent Bank of America survey found that just 9% of managers that responded have any exposure to bitcoin with a weighted average allocation of those who have being 0.3% of AUM. The "smart" money is STILL missing the best performing asset of all time 16 years after it entered the world. When these managers eventually wake up and realize that not being exposed to bitcoin is untenable it will make the ETF flows we've seen since the beginning of last year look small. image
The future is dope. image
Many won’t believe it, but the same will happen between now and 2034. image