BingX: 'Old Money' Has Stronger Bitcoin Diamond Hands — SkimNews
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- BingX head of product and research (Lee) said Bitcoin's growth makes it viable as a portfolio diversifier, citing a hypothetical 5% gold and 5% Bitcoin allocation instead of seeking rapid returns
- CoinShares surveyed 2,230 investors with at least $500,000 in investable assets and found long-term appreciation and diversification were the leading reasons for investing in crypto, with short-term speculation ranking last
- Bitcoin was held by 80% of digital asset investors in the survey, underscoring its dominance among committed crypto holders
- JPMorgan, in a February report based on 333 single-family offices across 30 countries, found 89% had no crypto exposure whatsoever
- The average crypto and digital asset allocation among those single-family offices was just 0.4%, and only 17% viewed crypto as a key investment theme
Why it matters: The 'old money diamond hands' narrative applies only to a self-selected minority: while 80% of surveyed crypto-holding affluent investors hold Bitcoin, JPMorgan found 89% of single-family offices hold zero crypto and average just 0.4% allocation—meaning most wealthy capital remains on the sidelines despite the long-term conviction rhetoric.
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