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Du Jun says family offices have swapped BTC for IBIT after security incidents

NewsFeeds update

Du Jun said on X that family offices he once urged to hold BTC and ETH have swapped BTC for IBIT, and some sold coins for physical gold, after exchange thefts and cold-wallet supply-chain incidents. He said he does not know how to advise them.

BitcoinOdailyAIBearish

Read the original on Odaily

The story so far: Du Jun on investors shifting from BTC to IBIT

Du Jun said family offices he once urged to hold BTC and ETH have swapped BTC for IBIT and some sold coins for physical gold after exchange thefts and cold-wallet incidents. He now says recent security breaches have pushed many wealthy investors away from direct crypto holdings, with some family offices moving all…

  1. Du Jun says family offices have swapped BTC for IBIT after security incidents

    Du Jun said on X that family offices he once urged to hold BTC and ETH have swapped BTC for IBIT, and some sold coins for physical gold, after exchange thefts and cold-wallet supply-chain incidents. He said he does not know how to advise them.

    BitcoinOdailyAIBearish

  2. Du Jun says wealthy investors are shunning direct Bitcoin holdings after security breaches

    Du Jun, co-founder of ABCDE, said on X that recent security incidents have pushed many wealthy investors away from holding crypto directly, with some family offices moving all their BTC into BlackRock's IBIT after exchange hacks and cold-wallet breaches.

    BitcoinCoinNessAIBearish

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.