The billionaires piling into bitcoin and why they think its “monetary electricity”

Boutiques can be fine, but family offices are wary of large asset managers who have a habit of pushing new products to the limit for fear of losing revenue when their older ones fall off the other end…

Hopes that the US economy will achieve a soft landing may be fleeting, but they have cheered up the billionaires who created a 15-year boom in private credit, whose value has risen sevenfold to $1.4 trillion

Family offices are important suppliers of liquidity to the market, and the $1.7 trillion private credit market has become a big beneficiary