Mark Moss describes a trader friend who went from skeptical to making Bitcoin his fund's largest position in a month. Billionaires are seeking long-term exposure amid global turmoil, but adoption is slow because new investors need time to understand the asset.
One of my best friends, he's a trader. He doesn't believe in Bitcoin. About a month ago he said, Bitcoin is now the single largest position my fund has. And I said, why? He said, if you knew the amount of billionaires that have called me and asked me how they can get into this and secure it for a long period of time because of the craziness of what's going on in the world, you would understand why I'm so bullish. We do have all these people that are trying to get in. There's a lot of education they have to overcome. It doesn't happen quickly.
