Hacker News
new
|
past
|
comments
|
ask
|
show
|
jobs
|
submit
login
dgs_sgd
on March 2, 2021
|
parent
|
context
|
favorite
| on:
Bitcoin Is Time
Do you think all the institutional investors who have bought billions worth of bitcoin in the last several months see it as a pump-n-dump?
devoutsalsa
on March 2, 2021
[–]
They make money from you when you use their services. If FinancialCo thinks you'll buy Bitcoin, they'll offer it to you for a fee. They'd sell investments in inflatable dinosaurs if they could make enough money from fees for doing so.
dgs_sgd
on March 2, 2021
|
parent
|
next
[–]
Institutions selling bitcoin investments for a fee is just one category. There are hedge funds and companies purchasing with their own money.
m00dy
on March 2, 2021
|
parent
|
prev
[–]
They use Bitcoin as a hedge against US dollar. It looks like stimulus packages are the new normal.
Guidelines
|
FAQ
|
Lists
|
API
|
Security
|
Legal
|
Apply to YC
|
Contact
Search:
