‘Old Money’ Has Stronger Bitcoin ‘Diamond Hands’: Kevin Lee
6 Articles
6 Articles
BingX's Kevin Lee: Wealthy Investors Hold Bitcoin Long While 89% of Family Offices Stay Out
Wealthy investors are sitting on Bitcoin. Not trading it, not flipping it — holding it. That’s the core of what… Read the original on Wealthy Investors Embrace Bitcoin as 89% of Family Offices Remain Out, Says BingX’s Kevin Lee. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
BingX Strategy Chief Kevin Lee Says Old Money Holds Bitcoin Longer
TL;DR Kevin Lee of BingX stated that “old money” investors have stronger long-term conviction in Bitcoin than crypto traders. A CoinShares survey of 2,230 investors with at least $500,000 in assets found that long-term appreciation outweighs speculation as an investment motive. A JPMorgan report revealed that 89% of surveyed family offices have no exposure to ...
BingX strategy manager Kevin Lee argues that some wealthy investors approach Bitcoin patiently and as a diversification tool. However, surveys cited in the news show that family offices exposure is still small. *** Kevin Lee described certain investors as “old money” as long-term holders and contrasted his attitude with the search for quick profits. A CoinShares survey of 2,230 investors with at least $500,000 in invertible assets placed appreci…
BingX Exec: “Old Money” Shows More Bitcoin Diamond Hands
Bitcoin’s growing reputation as a portfolio diversifier is resonating with wealthy investors—many of whom, according to BingX chief strategy officer Kevin Lee, are approaching the asset with a longer horizon than typical crypto traders. Speaking during a Token2049 fireside chat with Cointelegraph head of multimedia Ciaran Lyons, Lee said he frequently encounters “old money” investors [...]
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