Bitcoin Adoption And Big Players: The Rothschilds Are Allegedly Buying BTC
The mainstream adoption of digital assets and their underlying technology has been one of the main goals that the crypto industry has set.
There have been many moves made in this direction, and things continue to go great. We’ve already said that the mass adoption of BTC involves an important ingredient – the big investors.
Now, great news hits the crypto space and shows the world that we’re on the right track.
Rothschild Investment Corp and Bitcoin
It’s been just revealed that the Rothschild Investment Corp is buying Bitcoin, although the piece of news needs validation.
This is something that’s been floating around Twitter for a few hours:
— MMCrypto (@MMCrypto) October 14, 2020
The piece of news could not be too far fetched, considering that back in 2018 it was revealed that the wealthy family, Rothschilds, recently filed its own cryptocurrency exchanged trademark.
“The trademark was filed by one of its members, Dayla Rothschilds. The trademark goods and services will have the virtual currencies services, exchange, and transfer services on the offer,” Cryptoticker was noting back then.
It’s been also revealed that Bitcoin goes mainstream via corporate adoption.
Bitcoin goes mainstream via corporate adoption
A commenter on Twitter posted: “Of course they are. You have to be stupid if you think the government didn’t create Btc as a bailout of paper money, haha you people trade freedom for money amazing.”
Someone else brought up Fidelity: “Fidelity just recommended that investors allocate 5% to Bitcoin. Fidelity has $3.3 trillion AUM. Investing 5% into Bitcoin would be an additional $165 billion of capital flooding into Bitcoin. You have to be crazy to not own Bitcoin at this point.”
The user made a correction and said that Fidelity addressed a hypothetical situation and they did not make a recommendation.
Correction: The 5% Bitcoin allocation was a hypothetical situation, not a recommendation.
— Yano (@JasonYanowitz) October 14, 2020
Someone else said: “They clearly have it as a sustained position. Not Speculation. If BTC reaches 10% due to appreciation. Then rebalance back down to 5%. AND. If it falls to 1% rebalance UP to 5 %. This is HUGE. They are treating this as an asset class, not an asset. Big difference.”
At the moment of writing this article, BTC is trading in the green and the king coin is priced at $11,418.68.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.