BingX Chief Strategy Officer Kevin Lee says wealthy “old money” investors are approaching Bitcoin with greater patience than many crypto-native traders, viewing the asset increasingly as a potential portfolio diversifier rather than a vehicle for rapid gains.
Speaking during a Token2049 fireside chat with Cointelegraph head of multimedia Ciaran Lyons, Lee said he works with many wealthy investors seeking alternative investments. According to Cointelegraph, he described these investors as having “stronger diamond hands” — crypto slang for holding through market volatility instead of selling quickly.
Bitcoin shifts from rapid-growth bet to diversification tool
Lee said Bitcoin’s growth has made it large enough to attract investors who are considering how it might fit within a broader portfolio. In his view, wealthy investors are less focused on the prospect of the cryptocurrency multiplying rapidly over a short period and more interested in using it to diversify their holdings.
He illustrated that approach with an example of an investor allocating 5% of a portfolio to gold and a further 5% to Bitcoin, rather than pursuing a quick return. The comments point to a distinction between longer-term allocation and short-term trading: the former treats Bitcoin as one component of an investment mix, while the latter focuses more heavily on immediate price movements.
Lee called wealthy investors a largely untapped source of potential crypto capital. Their willingness to hold assets for longer periods, he said, could help make Bitcoin a portfolio diversifier for a wider group of investors. His comments, however, do not indicate that broad adoption among wealthy families has already taken place.
Surveys show interest among holders, but limited family-office exposure
A CoinShares survey cited in the report found that long-term appreciation and diversification were the leading reasons for investing in crypto among 2,230 people with at least $500,000 in investable assets. Short-term speculation ranked last among the reasons given. Bitcoin was held by 80% of the digital-asset investors surveyed.
The findings apply to affluent investors who already have exposure to digital assets, rather than to all wealthy investors. A separate JPMorgan report, based on a survey of 333 single-family offices in 30 countries and published in February, showed that 89% had no cryptocurrency exposure. The average allocation to crypto and digital assets was 0.4%, while only 17% considered the asset class a key investment theme.
Together, the figures suggest that existing crypto holders may be taking a longer view, even as digital assets remain a relatively small and uncommon allocation across family offices.
Moneyiar market picture
Moneyiar data at 09:19 on October 8, 2026, show Bitcoin at $82,878.756955559, down 1.11% over 24 hours and 0.95% over seven days. Other listed assets were mixed:
- TRON: $0.3357447718, up 0.85% in 24 hours and down 0.24% over seven days.
- Monad: $0.0256387821, down 4.31% in 24 hours and 20.62% over seven days.
- eCash: $0.0000074704, down 2.24% in 24 hours and 9.54% over seven days.
The market figures provide a current snapshot, while Lee’s remarks focus on how wealthy investors may assess Bitcoin over a longer investment horizon.
