Originally Posted by
David.Lewis
Rich people primarily own 3 things: 1) a business (either theirs or someone else's) 2) real estate 3) life insurance or some cash-heavy asset.
BTC is still way too volatile for a lot of folks. They simply don't want the risk associated with the early-stage price discovery process. MassMutual, for example, insures people's savings from Joe Blow all the way up to Michael Milken's family. Mass has purchased something like $100 million of BTC as a speculative play. Their total portfolio size is hundreds of billions of dollars though. The risk is tiny at that size, and most of their holdings are in the aforementioned 3 things most rich people own. They won't risk people's life savings on something that could tank 50% in a day. And this is line with how *most* intelligent investors think. Essentially all assets, contracts, businesses are priced in dollars. The dollar isn't going anywhere.