{
  "id": 12600697,
  "title": "‘Old money’ has stronger Bitcoin ‘diamond hands,’ says BingX exec",
  "url": "https://urgent.news/2026/10/07/old-money-has-stronger-bitcoin-diamond-hands-says-bingx-exec",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-07T09:57:19.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/news/bingx-old-money-bitcoin-diamond-hands-token2049"
  },
  "original_language": "en",
  "account": "BingX's chief strategy officer, Kevin Lee, notes that wealthy investors, often referred to as \"old money,\" exhibit stronger commitment to Bitcoin, holding it longer than typical crypto traders. During a Token2049 fireside chat, Lee interacted with Cointelegraph's multimedia head, Ciaran Lyons, and mentioned that he often works with \"old money\" seeking alternative investments. Lee claims his clients show stronger conviction in Bitcoin, dubbed \"diamond hands,\" compared to those in the crypto space. He further emphasized that Bitcoin has matured enough for wealthy investors to view it as a potential diversifier in their portfolios, rather than a get-rich-quick scheme. Lee views this group as a largely untapped reservoir of crypto capital and believes their buy-and-hold strategy could potentially broaden Bitcoin's appeal among investors. However, despite the growing interest, family offices' adoption of crypto remains limited. According to some data, affluent investors are increasingly pointing towards long-term growth and portfolio diversification as their motivations for holding crypto. Lee cited an example of allocating 5% of a portfolio to Bitcoin, alongside 5% in gold, instead of chasing quick profits. A recent CoinShares survey of 2,230 investors with over $500,000 in investable assets revealed that long-term appreciation and diversification were the primary reasons for investing in crypto, far behind short-term speculation. Notably, Bitcoin was held by 80% of the digital asset investors surveyed. Despite this, crypto still does not constitute a typical asset allocation among the wealthy. A JPMorgan report released in February, based on a survey of 333 single-family offices across 30 countries, found that 89% of them had no exposure to cryptocurrency, with an average allocation of just 0.4% to crypto and digital assets. Only 17% of the respondents viewed crypto and digital assets as a key investment theme.",
  "summary": "BingX strategy chief Kevin Lee says wealthy investors are taking a longer-term approach to Bitcoin, though family-office crypto exposure remains limited.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}