They do not want to put most of their money in bitcoin. If their net worth is up to billions, it doesn't mean that they have the billions in cash lol. It is probably in other assets too already and they don't want to convert all of that to buy bitcoin.
Because back then, they probably did not trust bitcoin to reach this point. If I knew bitcoin would be reaching $10k a decade ago, I would have done anything to buy some bitcoin even if I wasn't a billionaire myself.

What a load of bullshit, if you focus it on those with over 100 billion you are narrowing the spectrum too much plus those people are so rich already that they don't need to look for a solution that will allow them to grow their wealth fast. It happens like in companies, the biggest ones like Microsoft make so much money that they don't see the need to buy bitcoin, the ones that are buying it en masse are the ones with stagnant or declining businesses. Besides the fact that 5 years ago there was not the regulatory clarity that there is now, for example. It is more normal that from now on more and more rich people will buy bitcoin, than it was 5 or 10 years ago.

But if you want billionaires in general there are plenty, Saylor, Ricardo Salinas, Tim Draper, etc.

Thats because many billionaires still don't really understand what Bitcoin is. A few weeks ago, at a Bitcoin meetup for Bitcoiners from the former Yugoslavia ,Serbia, Croatia, Bosnia , a Croatian millionaire and well-known entrepreneur, Hrvoje Paprić, showed up. He had bought large amounts of Bitcoin very early on. We all thought he was smart and that he had understood Bitcoin before everyone else. But when someone asked him why he bought it, his answer was kind of funny , he still doesn’t really understand Bitcoin, even though he owns a large amount.
Cnversation with Hrvoje Prpić at that meetup was recorded and uploaded to YouTube. Someone really shouldve orange pilled him and explained what Bitcoin is

https://www.youtube.com/watch?v=0Lh-5iHM8bA

Someone who already have a multi billions dollars won't be thinking of investing in Bitcoin, most billionaires don't have trust for Bitcoin and at the same time may not have the time to monitor and go through Bitcoin investment stress any longer since they are already stinking rich and have e successful businesses already.


The average class and youths are the most fan of Bitcoin, and not the old rich fork's, those guys will only gamble with Bitcoin Price for short term profits, and they don't have long term investments plans or trust Bitcoin to survive for a life time.

If I may ask, do they really need it?
Some of us are buying Bitcoin for benefits or interest rather than as multi-billionaires. I don't think they would really have time for mining or investing in cryptocurrency, although some will not even give a damn about the cryptocurrencies, and if a multi-billionaire decides to buy all the Bitcoin, the market wouldn't be funny, which I don't think it will even be possible to do due to the risks of investments. Moreover, a multi-billionaire will not only depend on one asset.

Do you think Bitcoin is an organisation, entity or a football club that billionaires would be interested to buy a share? Every billionaire you see out there already has investment somewhere that fetch them that money in the first place and you shouldn't expect them to diversify a large sum of money to a new investment like bitcoin that possess high risk.

The first thing to consider when investing in Bitcoin is to risk what you can afford to lose. Do you think some of them can afford to lose 10% of their assets at a go just because they are rich?

Again, is investing in Bitcoin not by convenient again but by how rich you are? I'm sure we have some of them who already invest some percentage of their assets and some who are not comfortable with it.

Billionaires are buying a huge share of Bitcoin, it's just not noticeable because they do this strategically usually with OTC (over-the-counter) trades to prevent buying at premiums in spot markets.

To elaborate, for a billionaire to be able to buy Bitcoin responsibly (which they almost always do), they have the option to:
- Spread their funds across exchanges to be able to buy from the order book gradually (requires a lot more time, patience and trust in multiple custodians)
- Conduct trades over-the-counter (OTC) trades, which are off-market trades that don't generally effect the spot price.

It's more attractive for billionaires to accumulate with OTC trades in comparison to if they were to buy directly from an exchange.

If you're wondering something like "What if a billionaire already had a lot of Bitcoin, wouldn't they want to buy a lot of it on-market to push the price up?", the answer is that Bitcoin's market cap is over $2 trillion. It would require a lot of buying power and strategic execution across international exchanges to make this happen, and it's a gamble that it would work to begin with. It would be similar to saying "What if a billionaire had a lot of silver, wouldn't they want to buy a lot of it on-market to push the price up?" (I use silver as an example because its market cap is similar to Bitcoin, around $2 trillion). The answer to both is that, if it could be done, it would be done (or maybe, it already has been done, and maybe, it might happen again! )

What if I do this, what will I get in return knowing well that I own greater share of bitcoins, that exactly won't go well with small investors because any time I pull out , there will be a significant shake on the market.

The fundamental value of Bitcoin is precisely in its decentralization. At the same time, Bitcoin decentralization consists of three components - decentralization of mining, decentralization of storage and decentralization of development. If one multi-billionaire buys a very large number of coins, then the principle of decentralization of Bitcoin storage will be violated. Accordingly, the fundamental value of the first cryptocurrency will fall, and then the price of Bitcoin will fall. Most multi-billionaires understand this. Some of the multi-billionaires may not understand this, but they realize that if they start buying a large number of coins from the market now, the price will start to grow very quickly. No one wants to buy a financial asset at a very high price. However, the most important thing is decentralization. Bitcoin must belong to different persons (individuals, organizations and states) and the more such persons there are, the greater the value of Bitcoin will be.