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> I bet nearly no one who buys crypto even knows what fiat money is You're uninformed. GS, BofA, Barclays, Citi, CS, DB, JPM, MS, UBS, WF and countless funds.
by chishaku 5y ago
> I bet nearly no one who buys crypto even knows what fiat money is
You're uninformed.
GS, BofA, Barclays, Citi, CS, DB, JPM, MS, UBS, WF and countless funds.
The current hype cycle would be nothing without the institutional support.
But even before institutional investors started jumping in, traders and other employees of the above institutions have long been a key part of crypto markets.
- bhouston 5y agoThese are investors and traders who want a return on their capital, they are seeking alpha by any means that makes sense: https://en.wikipedia.org/wiki/Alpha_(finance) https://en.wikipedia.org/wiki/Alpha_(finance) Again, they do not care about fiat or the Austrian school of economics. Of course they know what those things are but they do not care about them at all.