James Seyffart: What Every Bitcoin & Gold Investor Needs to Know Right Now
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Bitcoin ETF investors exhibit diamond hands during volatility - unlike traditional crypto speculators, ETF holders typically treat Bitcoin as a small portfolio allocation (1-5%) and tend to rebalance into drawdowns rather than panic selling.
“The people that are holding these ETFs, most of them, it's like just a portion of their portfolio. So if it's 3% and it goes down 50%, okay, that hurts a little bit, but it's not that big of a deal. I'm not going to dump and run away.”
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Retail and wealth advisors dominate the ETF ownership base - 13F filings reveal only about 25% of the market, suggesting the vast majority of holdings belong to retail investors on platforms like Schwab and international institutions not required to report.
“We only know 25, like a quarter of like who's owning these things, which means most of it is retail, probably, and there's probably other institutions that are international, not required to file 13Fs that are holding these things.”
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The industry has shifted from fighting banks to co-opting them - the narrative has evolved from the 2017 'long Bitcoin, short the banks' mantra to a reality where the world's largest financial institutions are now the primary facilitators of Bitcoin access.
“I go back to 2017, and it was like long Bitcoin short the banks, right? And now we have one of the largest banks in the world is going to launch a Bitcoin ETF. It should be seen as a big deal.”