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RE: Stress analysis & comparison — Bitcoin Vs Gold
Dear @kryptarion
One of those posts, which surely are worth checking out and reading through. Thanks for solid read.
Do you know why big investors are cautious and still about Bitcoin? A
I blame lack of clear regulations. Most investors wouldn't even know how to pay taxes from their crypto income. And that's a huge issue, discouraging greatly.
At the moment, no more than only 4% of hedge funds have bitcoin in their portfolios.
4% ? That's actually more than I expected :P I expected less than 1% hehe. So it's a nice surprisse.
ps. If Buffet said that he would never hold any crypto, then my assumption is that he already does hold a lot.
Upvoted already :)
Yours, Piotr
Thanks for your contribution @crypto.piotr
I think you might just be right about 1%. Considering that billionaires like Buffet are not showing any investment interest. I hear people repeatedly attributing lack of regulations to the reason why perhaps bitcoin is so volatile or why it has failed to attract real and genuine investment from hedge funds. I have always believed that implementing regulations and institutional guidelines only bring the bitcoin and cryptos generally under centralised bureaucracy — which seem to me like the fundamentals of the creation of blockchain technology and Cryptocurrency tokenomics.
However I don't think it will be unfair to say that the existence of bitcoin whales only mirrors the bereucratic powers of centralised institutions.
Hehe maybe he already has. I was anticipating a more crypto-support words than his claim of not owning bitcoin.
Thank you for being always so responsive @kryptarion
I'm one of those people.
Fundamentals of blockchain tech and crypto tokenomics is one thing. Knowing that what you own is legal and knowing how to pay taxes from that income is crutial for many.
I personally know someone, who earned quite a decent amount of money in 2017, sold part of his earning and bought himself a car. You won't believe what kind of trouble he got, since he couldn't prove where those money came from.
Regulations (especially in tax department) need to be clear. Otherwise it will stop many investors from showing any interests with crypto.
Not to mention, that decentralization is some sort of utopia. Utopia, which doesn't even make much sense to me.
Yours, Piotr
Very nice reply @crypto.piotr
Impressive Piotr! Unless I do not so much understand the blockchain cruise; the benefits, some of the clear ones which include; transparency (laudable), immutability (the haziest — considering how some tokens could actually be frozen) and innovative application to many use cases like DeFi among others. I feel blockchain and cryptos was a ride to evade centralisation.
I doubt if conforming to regulations was included in Satoshi's bitcoin whitepaper — a rather ominous shortsightedness; considering tax is inevitable, and a possible way government could fight crypto-holders.
This is actually true.
Hehe, I guess we are in same bus here Piotr.