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Mark_Friedenbach 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)
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.