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Topic: Elite and wealthy exit from Fiat to crypto (Read 32 times)

legendary
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Most of the elites are old-fashioned and a bit rigid in their thinking, and even up to now they will not be too quick to quickly exit their investments in Fiat to switch to crypto currency.

There may already be those doing it already, but not all, and that is how it will remain to be even if the new president of the United States, Donald Trump, makes the crypto space attractive enough for the elites.
legendary
Activity: 3332
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It's not all that simple. We live in times when Bitcoin can be endorsed alongside gold, oil, and major fiat currencies. Trump is a good example of that rhetoric, and the US is powerful in setting up an example for others. Major fiat currencies are not in a crisis. They are doing okay, they are fairly strong, and I don't think they're going away any time soon. Bitcoin can be viewed as an attractive asset, something to invest a part of funds in. And also something to keep a part of reserves in.
hero member
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Crypto= safe boats.
The Elite and the wealthy folks see Bitcoin as the next alternative against Fiat currency because of it framework, and consensus. However, that does not mean Bitcoin is the solution of every problem or safe boats as you said because there are still some certain things which will determine if BTC will be a safe for you which 2 of it are knowledge, and avoid human error that will expose your holding.
The believe of BTC as the safe boat without proper understanding of the system is what newbies have but they later make loses because they are not doing it the right due to their lack of understanding that Bitcoin great opportunities also comes with great risk.

those who not well awared of any finances they don't know it's not on the news lol.
It depend on your geo location. In some countries people have the privilege to learn about Bitcoin through the media finance broadcast.

USA have all the gold but even UK cryptocurrency restrictions are allready hard now they don't have even gold but instutions and wealthy off course they got better conditions to exit of fiat and stock market.
The UAE have more gold than the US but the UK cryptocurrency restriction was mainly to protect their government interest although the citizen interest is also included.

?
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Merit: -
Crypto= safe boats.
Rats escaping of sinking ship.
those who not well awared of any finances they don't know it's not on the news lol.
USA have all the gold but even UK cryptocurrency restrictions are allready hard now they don't have even gold but instutions and wealthy off course they got better conditions to exit of fiat and stock market.

Now the western elite don't even try to save sinking ship because it's too late.
let's get the fun started let the show begin Smiley
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