Gemini exchange co-founders Tyler and Cameron Winklevoss said that more than a handful of traditional financial giants have picked up stacks of Bitcoin throughout this year, including the likes of billionaire Paul Tudor Jones and business intelligence firm MicroStrategy.
These investments are part of a flow of big money entrances into BTC. The price of the leading cryptocurrency Bitcoin also witnessed a massive surge later this year.
In a CNBC interview, Tyler Winklevoss said that this is the most sophisticated investors, the smartest people in the room, buying the Bitcoin quietly, so it’s not a FOMO thing.
This year, in addition to Tudor Jones and Microstrategy, Stanley Druckenmiller, Jack Dorsey’s Square, MassMutual, and Guggenheim Partners have all gained exposure to Bitcoin. Their crypto plays come in line with an unstable global economic atmosphere rife with excessive money printing efforts. Bitcoin is similar to gold as a store of value and inflation hedge.