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Two of the World’s Biggest Funds Just Disclosed Nearly $1 Billion in BTC
Expect More Buying Pressure In the Coming Months
Teeka Tiwari
February 19, 2025
Two of the World’s Biggest Funds Just Disclosed Nearly $1 Billion in BTC
Over the years, I’ve made some controversial calls that initially angered many of my readers… But ultimately put them in position to make-life changings gains.
Most recently, I made the difficult decision to reallocate 75% of our Ethereum (ETH) position to Solana (SOL).
When I first recommended Ethereum in 2016 at about $9, it was as a way to gain exposure to the burgeoning and innovative blockchain development space.
As I predicted, Ethereum became the world’s most widely used blockchain development platform. And ETH is up 29,256% since then.
After becoming a portfolio darling for many of my readers, it’s understandable for some of them to become emotionally attached to ETH as an investment.
However, my research suggested SOL would become the fastest horse in the race during this current bull cycle.
SOL had surpassed ETH in terms of monthly users because it’s faster and cheaper to use. And it was gaining more institutional adoption and usage than Ethereum.
Since I made the decision to rotate from Ethereum to Solana in October 2024, SOL has returned nearly twice as much money as ETH. And as overall investor sentiment improves, I expect Solana’s outperformance of Ethereum to grow.
But the pushback I received after I reallocated from ETH to SOL pales in comparison to the flak I took in March 2021 when I told my readers to sell most of their gold and replace it with bitcoin.
As I wrote back then:
I no longer expect gold to adequately protect your wealth against the money-printing happening right now. I believe bitcoin and other cryptocurrencies are doing a better job – and will continue to.
More than that, I believe they’ll benefit from a surge in new demand as the rest of the world wakes up to the same realization.
After that call, I reduced the gold position in our asset allocation model from 10% to 1% while raising our bitcoin position from 1% to 10%.
If you had a $100,000 portfolio, that meant you would reallocate $10,000 to BTC and $1,000 to gold.
People said I was reckless. Some even accused me of putting my subscribers’ retirement savings at risk. But time has vindicated my decision…
Since March 2021, bitcoin has outperformed gold by 63%. That means for every $1 gold went up, bitcoin went up $1.63.
This brings me to the point of today’s essay: If you want to protect your wealth, I can’t think of any better asset to help you do that than bitcoin.
As I’d predicted back in March 2021, the rest of the world is finally starting to wake up to this realization.
Two of the World’s Biggest Funds Buying BTC