You Have Already Paid The Ferryman!

Posted by GTES Exchange
Last updated 10th December 2020
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  • You Have Already Paid The Ferryman!

    Bitmatters Reaction Post

    Regarding an article published on the 20th September 2020 titled "World’s largest sovereign wealth fund indirectly holds almost 600 Bitcoin" by Coin Telegraph. Click Here for the full article.

    In Greek mythology, Charon is the ferryman of Hades who carries the souls of the newly deceased across the rivers Styx and Acheron. For this reason it became common practice to place a coin in the mouth of the dead to pay Charon.

    Most people do not believe in Bitcoin as a store of value, an investment or even a trade. Yet!

    Micro strategy ($MSTR) has changed the game without most people realising it. The world’s two largest passive investment firms, Vanguard and Blackrock (USD 13.5 trillion between them), and the world’s largest sovereign wealth fund, the Norwegian Government pension fund (USD 1 trillion) now have exposure to 5829, 4483, and 578 Bitcoin respectively. With operations in over 100 countries and with more than 100 million customers between them, the chances are that you, or someone you know, already has exposure to Bitcoin.

    Carry on with your beloved passive fiat investment vehicle. Listen to your financial adviser and take heed his or her warnings about the risks of Bitcoin. Both your vehicle and your advisor are already dead, on the ferry, with Bitcoin in mouth…

     You Have Already Paid The Ferryman!
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