Most aren't putting more than 5% in. Tesla is one of the larger buys I think they put in around 7%. Still, if it goes to 0, it won't matter much at those percen

Most aren't putting more than 5% in. Tesla is one of the larger buys I think they put in around 7%. Still, if it goes to 0, it won't matter much at those percentages. Conversely, if it ends up going up more, it'll probably go up a lot more since it's still a small asset class relatively. $1.5T market cap is nothing compared to the stock market and still a lot less than Gold. And with interest rates so low and all other asset prices ballooning, cryptocurrencies probably looked cheap to a bunch of fund managers. Up until a few months ago, BTC was still sitting below its all time highs. So I think that's the mindset people are taking. Even with big money behind it, it doesn't mean BTC is now a safe thing to buy, but the upside is still so massive that it's worth taking a chance on despite the risks.