What Concerns Investors About Bitcoin?

Matthew Le Merle
10 min readFeb 22, 2021

In newsletter Vol 3, №2 we asked you to share your concerns about Bitcoin in a single question survey which is still open for your responses. For those of you who are not a current holder of Bitcoin, we asked what scares you most about it? For those who are already holders of Bitcoin, we asked you what stops you from buying more? Thank you to all of you who responded. In this newsletter we go through the initial results and also provide some answers to your concerns — in effect we hope to demystify Bitcoin for you.

Top Line Findings

This newsletter goes twice a month to over 10,000 people who are accredited investors. It also goes to a large number of institutional investors and even more family offices. For this survey we received back a statistically significant number of responses. We have not found significant differences in how various types of investors responded, and we saw little geographic variation.

What stands out for us is that a lot of concerns that we included in the survey received votes including a couple that were trojan horses to see if people understand what Bitcoin really is. We added them because we wanted to see if the fear, uncertainty and doubt (FUD) that others are spreading about Bitcoin might be hitting home. Some of it clearly is.

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Matthew Le Merle

Matthew Le Merle is co-founder and Managing Partner of Fifth Era which manages Blockchain Coinvestors, and of Keiretsu Capital