If you have more than a million in investments, have you purchased BITCOIN in any form? if so how much?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Do any of the large generic mutual funds long Vanguard's have Bitcoin / adjacent securities mixed in?

Index funds would automatically own MSTR and such.

Why hasn't Microstrategy been sued by investors for negligence? They're a local company and have been a software comapny for 20+ years. You can even see their website now -- they offer a data analytics product:
https://www.microstrategy.com/

They shouldn't be dabbling in bitcoin by buying more than $2bln of it. Investors who want bitcoin exposuer have other avenues fro it. Investors who want to invest in the data analytics software industry should (in theory) buy MSTR to get exposure to that.

[Anonymous]

Late 40's. $4mln invested overall. $75k in crypto, as one of our investment vehicles is an automated portfolio manager and it's set to 10% crypto. All that is in ETFs, which means we do not need to check the "I own crypto" box on our tax return.

[Anonymous]

Anonymous wrote:
Late 50s, $3mil. A small part of this is COIN and MSTR which give indirect exposure to crypto.

Currently up about 8x and have $100k total in crypto long in BTC, ADA, ETH, LTC and DOT.

I voted Harris and I think Trump is horrible for the US overall but is undeniably good for crypto so I'll take what I can get.

Not investing advice but I believe that crypto overall will peak in 2025 and likely pull back some in 2026/27 so my plan is to take profits and get back in on the dip.

Personally, I think buying in now seems like too much of a FOMO driven buy and thus not a good idea. Wait until there's blood on the floor and get in on a discount.

OP: Good for you. I find interesting the level of ignorance of Bitcoin among people with assets who are 50+. Feels bullish. Like a wall of untapped money.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Do any of the large generic mutual funds long Vanguard's have Bitcoin / adjacent securities mixed in?

Index funds would automatically own MSTR and such.

Why hasn't Microstrategy been sued by investors for negligence? They're a local company and have been a software comapny for 20+ years. You can even see their website now -- they offer a data analytics product:
https://www.microstrategy.com/

They shouldn't be dabbling in bitcoin by buying more than $2bln of it. Investors who want bitcoin exposuer have other avenues fro it. Investors who want to invest in the data analytics software industry should (in theory) buy MSTR to get exposure to that.

They are doing nothing illegal. btw, they own $40 billion now. has been best performing stock in the market by a huge margin. why would any shareholder sue them?

[Anonymous]

I honestly don’t understand this stuff. Like, what’s the endgame - Bitcoin gets to $1 million? $10 million? And then what? Can you do anything with it other than trade it like digital Pokémon cards?

Is it ever going to be used for transactions? If so, why isn’t it already being used for this purpose?

Is it going to replace the US dollar? Why would the government ever allow that, and give up its enormous power, instead of making it illegal?

How is it a store of value? A house is a store value because somebody can live in it. Stocks are a store of value because you get a stream of earnings. But what is being stored with Bitcoin? OK, there is a “limited supply,” but so what? If Bitcoin went away tomorrow, what value would be lost except for the money that people have spent buying it??

[Anonymous]

No
Age 63
high net worth

[Anonymous]

Not affluent at all, but million is evenly divided by Bitcoin, mstr, and Tesla. Those three are single-handedly responsible for me making it to a million.
I was illegal for so many years and unable to go the usual real estate, career, 401k, or Roth IRA route. I needed catching up and I went for it.
Now my risk tolerance is super high. I will start buying Voo after selling some or all mstr sometime in 2025.
Right now I have no plans to sell Bitcoin itself nor Tesla. Bitcoin is the gold, the savings account.
If I had had millions, I would have taken a chance on Bitcoin long time ago be if for laughs.

[Anonymous]

zero crypto.

Crypto is for criminals.

[Anonymous]

Anonymous wrote:No
Age 63
high net worth

Ditto (age 60)

I'm afraid if the Trump administration deregulates it, it'll eventually crash the economy - just like what has happened every other time there's been unregulated asset bubble.

Comments like this scare me https://www.cnbc.com/2024/12/09/us-can-become-crypto-superpower-with-sensible-regulation-eric-trump.html

[Anonymous]

Anonymous wrote:I honestly don’t understand this stuff. Like, what’s the endgame - Bitcoin gets to $1 million? $10 million? And then what? Can you do anything with it other than trade it like digital Pokémon cards?

Is it ever going to be used for transactions? If so, why isn’t it already being used for this purpose?

Is it going to replace the US dollar? Why would the government ever allow that, and give up its enormous power, instead of making it illegal?

How is it a store of value? A house is a store value because somebody can live in it. Stocks are a store of value because you get a stream of earnings. But what is being stored with Bitcoin? OK, there is a “limited supply,” but so what? If Bitcoin went away tomorrow, what value would be lost except for the money that people have spent buying it??

All the answers are online. You just haven't bothered to do some research. What value does gold have? We can't eat it. We can't use little peaces to buy anything every day. What value does fiat currency have if every country can keep printing it. Can't keep printing Bitcoin. More gold can be found and it happens all the time as price goes up.
Bitcoin is new technology, so no wonder people are scared. The idea is not new, the technology had to catch up.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Do any of the large generic mutual funds long Vanguard's have Bitcoin / adjacent securities mixed in?

Index funds would automatically own MSTR and such.

Ewww, gross.

How old are you, and what does this mean--ewww, gross??

[Anonymous]

Anonymous wrote:

Anonymous wrote:I honestly don’t understand this stuff. Like, what’s the endgame - Bitcoin gets to $1 million? $10 million? And then what? Can you do anything with it other than trade it like digital Pokémon cards?

Is it ever going to be used for transactions? If so, why isn’t it already being used for this purpose?

Is it going to replace the US dollar? Why would the government ever allow that, and give up its enormous power, instead of making it illegal?

How is it a store of value? A house is a store value because somebody can live in it. Stocks are a store of value because you get a stream of earnings. But what is being stored with Bitcoin? OK, there is a “limited supply,” but so what? If Bitcoin went away tomorrow, what value would be lost except for the money that people have spent buying it??

All the answers are online. You just haven't bothered to do some research. What value does gold have? We can't eat it. We can't use little peaces to buy anything every day. What value does fiat currency have if every country can keep printing it. Can't keep printing Bitcoin. More gold can be found and it happens all the time as price goes up.
Bitcoin is new technology, so no wonder people are scared. The idea is not new, the technology had to catch up.

DP. Gold is a tangible asset. Bitcoin is not.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I honestly don’t understand this stuff. Like, what’s the endgame - Bitcoin gets to $1 million? $10 million? And then what? Can you do anything with it other than trade it like digital Pokémon cards?

Is it ever going to be used for transactions? If so, why isn’t it already being used for this purpose?

Is it going to replace the US dollar? Why would the government ever allow that, and give up its enormous power, instead of making it illegal?

How is it a store of value? A house is a store value because somebody can live in it. Stocks are a store of value because you get a stream of earnings. But what is being stored with Bitcoin? OK, there is a “limited supply,” but so what? If Bitcoin went away tomorrow, what value would be lost except for the money that people have spent buying it??

All the answers are online. You just haven't bothered to do some research. What value does gold have? We can't eat it. We can't use little peaces to buy anything every day. What value does fiat currency have if every country can keep printing it. Can't keep printing Bitcoin. More gold can be found and it happens all the time as price goes up.
Bitcoin is new technology, so no wonder people are scared. The idea is not new, the technology had to catch up.

DP. Gold is a tangible asset. Bitcoin is not.

These are really novice level criticisms. There are answers. You don’t have to buy them but there are answers. Spend some time listening to Saylor. The world values Bitcoin at 2 trillion- so it’s we’ll beyond nonsense status.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I honestly don’t understand this stuff. Like, what’s the endgame - Bitcoin gets to $1 million? $10 million? And then what? Can you do anything with it other than trade it like digital Pokémon cards?

Is it ever going to be used for transactions? If so, why isn’t it already being used for this purpose?

Is it going to replace the US dollar? Why would the government ever allow that, and give up its enormous power, instead of making it illegal?

How is it a store of value? A house is a store value because somebody can live in it. Stocks are a store of value because you get a stream of earnings. But what is being stored with Bitcoin? OK, there is a “limited supply,” but so what? If Bitcoin went away tomorrow, what value would be lost except for the money that people have spent buying it??

All the answers are online. You just haven't bothered to do some research. What value does gold have? We can't eat it. We can't use little peaces to buy anything every day. What value does fiat currency have if every country can keep printing it. Can't keep printing Bitcoin. More gold can be found and it happens all the time as price goes up.
Bitcoin is new technology, so no wonder people are scared. The idea is not new, the technology had to catch up.

DP. Gold is a tangible asset. Bitcoin is not.

Is your entire investment portfolio exclusively in tangible assets? If not, this is a meaningless counterpoint.

[Anonymous]

Anonymous wrote:

Anonymous wrote:
Late 50s, $3mil. A small part of this is COIN and MSTR which give indirect exposure to crypto.

Currently up about 8x and have $100k total in crypto long in BTC, ADA, ETH, LTC and DOT.

I voted Harris and I think Trump is horrible for the US overall but is undeniably good for crypto so I'll take what I can get.

Not investing advice but I believe that crypto overall will peak in 2025 and likely pull back some in 2026/27 so my plan is to take profits and get back in on the dip.

Personally, I think buying in now seems like too much of a FOMO driven buy and thus not a good idea. Wait until there's blood on the floor and get in on a discount.

OP: Good for you. I find interesting the level of ignorance of Bitcoin among people with assets who are 50+. Feels bullish. Like a wall of untapped money.

Yes, agree. Without getting into specifics, I work professionally in a field that gave me very early exposure to bitcoin specifically and crypto in general and even prior to that exposure to the cypherpunk subculture from which all this originated from. So I've seen this all from day 1. For me, I understand the underpinnings of the technology and am comfortable with it. But I do recognize that it's complicated and hard to understand and thus hard for many to trust.

Having said all that, there is real risk and extreme volatility and I think the key is to have some exposure to it but not too much. If my 100k went to 0 tomorrow, it would sting but it wouldn't change my day to day or life in any significant way.