Title says it all. How much BTC do you folks hold, and what fraction of your investable net worth does it represent?
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Bumping this. Curious what people allocate to this
Still 0%, but keeping a watchful eye from afar versus 2 years ago when it didn't have an ounce of my attention
~5%. Meaningful enough for it to matter but not enough to lose sleep if it goes to 0
Not enough. Currently at around 5% as well but adding on dips.
Also have a lot of gold and silver so I guess you can see the theme.
144 BTC. Got in at around $30/btc because I was doing silly things. Started to pay attention once prices rallied (glad I thought too little of it to sell it back in the day). Insignificant portion of my net worth, though I’m broadly curious about companies utilizing the technology.
damn that's a big W, how did you come across btc so early, what were you reading?
If BTC is at ~$32k per my quick google, you're saying $4.6m is an 'insignificant portion' of your net worth? What's it take to become significant to you?
You're talking to a God here. This isn't just Rahma, it's Dr. Rahma Dikhinmahas.
At the time of the post it was around $18k, I believe. At current levels it’s starting to make me sweat a little.
Significant would be > 10%. It’s in that range now.
Chances of this being a lie are a hell of a lot higher than it being the truth
~5% of my net worth but looking to increase it
.
It's really not about it's legitimacy as a potential valid currency, it's more about the fact that we know the value of hype driving an "investment." You just saw what happened with Tesla this year, and I hate to say this, but right now, Bitcoin is "free money" in the short term. Its greatest weakness as a "currency" is the lack of tangible backing, but that's also its greatest strength, allowing Bitcoin to act secular of the market and grow solely on consumer interest and demand. It's a positive feedback loop.
Right -- the value of BTC is really the convexity of the trade. BTC trades like a call option on the underlying tech. It will probably expire OTM, but in the long-run we're all dead men. #tulip-mania.
have you not seen the price targets by major financial institutions? Citi had it at ~300k, Guggenheim at ~400k, etc. Paul Tudor Jones, Mike Novogratz, Stanley Druckenmiller and other hedge fund billionaires are very bullish and hold it in their PA. Finance professionals that understand bitcoin are taking it VERY seriously.
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