Jimmy Chang, the chief investment officer for the global family office of $72 billion"Always be careful of people who talk their book and tout how great bitcoin is after they have taken a position," he said in an interview,"because they are not going to tell you when they exit a position, they will only tell you afterward."
Chang does not recommend the digital asset to the ultrawealthy clients of Rockefeller due to its"lack of intrinsic value" as well as security and regulatory risks. Bitcoin's current price has stepped so far from what could be categorized as its fair value that Chang had to enlist a heart-wrenching scene from the play"Peter Pan" to explain the hype.
"In the play Peter Pan, a dying fairy named Tinker Bell told Peter that she could be revived if children believed in fairies, which prompted Peter to ask the audience to clap their hands to show that they believe," Chang said in a recent research note. He continued:"As the sound of clapping got louder, Tinker Bell started to come back to life.
They’re saying this because they’re worried. Money outflow into other assets ( Bitcoin). No money for them to play in the market. Bitcoin is still undervalued at 55k.
All these 'investing chiefs' are born in the fiat money era. They don't understand Bitcoin and have not spent time understanding it apart from reading mainstream news media articles or get their knowledge from fellow fiat analyst. It's a terrible echo chamber in there.
What isn’t ?
Nobody has seen anything like Bitcoin, it doesn’t make sense...thats why it’s working. Bitcoin is like dark matter.