Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Advisor to Investors with Hundreds of Millions of Dollars of Wealth Talks About Bitcoin – What Do the Ultra-Rich Think About BTC After the Record?

Advisor to Investors with Hundreds of Millions of Dollars of Wealth Talks About Bitcoin – What Do the Ultra-Rich Think About BTC After the Record?

BitcoinsistemiBitcoinsistemi2024/11/11 23:33
By:Mete Demiralp

R360's Managing Partner Barbara Goodstein shared the Bitcoin views of high-net-worth people in a live broadcast.

Barbara Goodstein, Managing Partner of R360, a private community for those with net worth over $100 million, shared her thoughts on her community’s perspective on Bitcoin following the recent election.

In a discussion, Goodstein noted the growing enthusiasm among high-net-worth investors about Bitcoin's potential and suggested that Bitcoin could become a “strategic reserve asset.”

Reflecting on the excitement surrounding Trump’s victory, Goodstein shared that investors in his network see significant upside potential in the current political and economic climate. At a recent R360 “market opportunities and risks” meeting, attendees explored how strategic shifts could shape financial opportunities, particularly in alternative assets like Bitcoin.

Related News Bitcoin Foe Peter Schiff Made a Statement After the Big Surge: Assesses Scenario of US Government Buying 1 Million BTC

Goodstein drew an interesting comparison between Bitcoin and traditional assets like gold, noting that BlackRock’s Bitcoin ETF has surpassed its gold ETF in assets under management. This development reflects a new trend where investors are viewing Bitcoin as a hedge similar to gold but with greater upside potential. Goodstein noted that his network generally prefers to hold Bitcoin directly rather than ETFs to avoid additional tax implications.

“We have a lot of confidence in Bitcoin and have been talking about it for years,” Goodstein said, adding: “We think Bitcoin could become the next strategic reserve asset.” Noting that the U.S. currently holds 232,000 Bitcoins, Goodstein noted that under the current administration’s policies, that number could increase significantly and possibly exceed one million.

*This is not investment advice.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!