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Metus comments on Why you should consider buying Bitcoin right now (Jan 2015) if you have high risk tolerance - Less Wrong
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Comments (136)
It would be an interesting analysis to find out how many traditional players are involved and to derive from that confidence in the optimality of the bitcoin price.
I am not very knowledgeable about bitcoins but I do have some famiality with banks responsiblies under US and EU anti money laundering regimes. I think that bit coins would pose a number of complience challenges and that it would be pretty tough for banks to be confidbet they weren't running afoul of regs. So my guese is that but coins probably have very little bank activity. Similarly I bet they don't have much activity from the large hedge funds. It's probabky limited to small funds.
Correct, few banks are willing to go anywhere near bitcoin or bitcoin-related companies. Doesn't stop people from actually using bitcoin though, because the whole point of bitcoin is that it invalidates the need for a bank...
Hedge funds aren't investing in bitcoin because for the moment they are not really able to, except for a few weird, esoteric, accredited-investor-only funds. That should change if the Winklevoss COIN ETF is accepted though.
You're confused between hedge funds and mutual funds. Hedge funds have pretty much no legal restrictions on what they can do with their money.
By not able to I mean literally not able to, as in not possible / convenient. There simply isn't sufficient investing infrastructure or liquidity in place for most hedgies.