Business
SMSFs pile into bitcoin as it tops $US50,000 – The Australian Financial Review
Sophisticated high net worth and SMSF investors are joining Gen Z traders in buying bitcoin as enthusiasm reaches a fever pitch.
Its a deflationary asset as therell only ever be 21 million bitcoin mined, as opposed to the US government pumping out cash in response to COVID to keep their economy afloat.
Rival cryptocurrency exchange Independent Reserve said new accounts climbed 150 per cent in January, versus December, with the fastest growth coming from family offices and sophisticated high-net-worth investors.
Younger people … look at this as a technology thats come of age as they themselves have come of age, and so theyre…
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