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We all know that the price of BTC is rising recently. What are the institutonal investors and billionaires doing about it, though? Some figures like Warren Buffett are very anti-Bitcoin, so are these investors interacting with it? A new report from Genesis Capital explains the situation and sheds some light on this topic.

The report made by Genesis Capital, a crypto loans company, has covered the first quarter of 2019. What the company affirmed is that the uptrend that started in 2018 can be seen in the lending market. People were lendin $1.5 billion USD in March 2018 and the value grew 38% when compared to then. Active loans also rose by 17% this time.

Most of the loans of the company are dominated by Bitcoin (BTC), which constitutes 68% of the portfolio. However, USD loans have risen as well during this timeframe since they were introduced in the company.

The company has published two charts on its official report, the charts indicate that there is a big prominence of loans against both Ethereum and Litecoin. The price of ETH is already somewhat low and people seem keen on shorting it even more, which could drive the prices down even faster.

Litecoin, on the other hand, had a considerably better outcome so far. The token has rallied in price a lot this year and this made people short it less when compared to ETH. LTC loans increased always that the prices were going up, so LTC was also very prominent in the economy this year.

Something that was also very interesting to notice was that most of the shorts were covered before the prices started to spike again, something that could suggest that the traders were, in fact, very knowledgeable about the market.

Warren Buffett And Naysayers Are Not Shorting BTC

Unlike LTC and ETH, the BTC loans did not show the same correlation with the prices of the token this year. The loans of BTC has remained considerably more steady during the market instead of going up and down with the price spikes.

This is possibly because the participants of the market are not are not really shorting BTC at all. According to Genesis Capital, the participants who end up shorting BTC often are longing some other asset and they only short the asset for a quick time.

Those participants who are shorting are often long something else, only short for a small window, and/or managing hedge funds that are long-term bullish on the space. In other words, Dimon, Buffett, and Roubini are not shorting. It is easy to say something is worthless but it is difficult to put capital behind that position and justify the risk of being net short in this market.

According to the company, Jamie Dimon, Warren Buffett and others were simply not shorting BTC. It is easy for them to say how worthless BTC is, but they are simply not really ready to put the capital and risk it this way.

People like to talk a lot but most of the time they are all talk, really, and this is what is happening to the Bitcoin haters. If they hate BTC so much, why don’t they short it? Possibly because deep down they know that BTC is a great asset. For the full report, visit https://genesiscap.co/insights/2019-q1-insights/ today.

The views and opinions expressed in the article Safe to Say Warren Buffett, Jamie Dimon Are Not Shorting Bitcoin do not reflect that of 48coins, nor of its originally published source. Article does not constitute financial advice. Kindly proceed with caution and always do your own research..

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