If people are willing to pay for a product, try to accumulate as much as possible and than sell it to the highest bidder. Simple as that !
To add to your confidence in Bitcoin, once financial institutions like the Chicago Mercantile Exchange created a future contract on Bitcoin, you know the pros are in.
I know many of my Quant colleagues in the fintech world are deeply involved and created many products to support the crypto industry, so that's real.
Institutional players are pouring money into Bitcoin, and build positions for the long run not just as a quick trade, which can give you a lot of confidence.
Do I need to add anything?
Full disclosure, my company is entering into the cryptocurrency market with lots of enthusiasm
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