“Billionaires are quickly realizing that it is time to rotate out of assets which can easily be plundered by the populist mob, into an asset which is much, much harder to seize – bitcoin.”

The Federal Reserve’s recent decision to halt plans for rate hikes may be just one indicator of a downturn in the global markets. The Fed has already indicated it’s taking a “wait and see” position on the economy before raising rates and cutting back the US money supply. And across the world, recent developments in the financial sector may have proved the Fed’s caution to be the right move.

Pierre Rochard is a New York-based Bitcoin advisor to institutional investors, and says the world’s largest cryptocurrency has key advantages that make it an attractive asset class for the uber rich.

"Billionaires are quickly realizing that it is time to rotate out of assets which can easily be plundered by the populist mob, into an asset which is much, much harder to seize – bitcoin."

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