“Since the collapse of Silicon Valley Bank we've seen a huge uptick,” Lubka said. “We've always had a slice of family office clients that have used the platform, but ever since SVB that has massively increased. These people are taking large Bitcoin positions.”
Lubka spoke with Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, at Bitcoin Miami earlier this month. He said many wealthy and knowledgeable investors are coming to Swan to learn about Bitcoin and to take significant stakes in it. “It's a sign that to smart, sophisticated investors, Bitcoin is a legitimate asset to own in their portfolios.
High net worth investors and family offices “are concerned about long-term stability in the financial system,” Lubka said, “and they want to own an asset that is outside of that system.”