For years, all the big players who are used to making 10,000x returns on investment ignored bitcoin and crypto. In this group are the venture capital companies in Silicon Valley and hedge funds in Wall Street. But the big money, while slow, are dangerous when they pick up momentum.
That momentum is starting now.
Major Silicon Valley venture capital firms and hedge funds are jumping into crytpo with urgency and FOMO. But the way they are doing it is not what you'd think.
The big money is not buying up good altcoins at some exchange. The big money is building their own blockchains. They are buying up founder's shares and rounding up series-A investments from the same old money. These guys have so much money they don't even need to do an ICO. Remember how AirBnB and Uber and Snap hated the idea of doing a IPO on Nasdaq? It's because they don't want to sell their shares until they bought more. And they won't sell their shares until they are overvalued.
So what are they doing now?
The big money is making their own blockchains and getting private placement funds to capitalize these new startups.
Here's one example. There's no mention of a tradable coin or ICO anywhere:
PORSCHE:
https://newsroom.porsche.com/en/themes/porsche-digital/porsche-blockchain-panamera-xain-technology-app-bitcoin-ethereum-data-smart-contracts-porsche-innovation-contest-14906.html
