Du Jun said that some family offices have replaced BTC with IBIT or physical gold due to security incidents.
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AT A GLANCE
Du Jun said that some family offices have converted BTC into IBIT or physical gold due to security incidents.
Article
Du Jun: Due to frequent security incidents, many family offices have replaced BTC with IBIT or physical gold
PANews October 30 reported that Du Jun posted on X: “Family offices that I strongly recommended allocate to BTC、ETH years ago, after experiencing the theft of CEX and cold-wallet supply-chain security incidents, have successively replaced BTC with IBIT. Some have simply sold their coins to buy physical gold and other traditional assets. I do not even know how to persuade them; there seems to be no solution.”
Du Jun posted on X that family offices that had allocated to BTC、ETH years ago experienced the theft of CEX and cold-wallet supply-chain security incidents.
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Du Jun said these family offices have successively replaced BTC with IBIT, while some sold their coins to purchase physical gold and other traditional assets.
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This information was relayed by PANews on October 30.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The statement describes how some family offices may reduce their allocation to BTC and shift to IBIT or physical gold after experiencing crypto-asset security incidents.
Why it matters to readers
It suggests that custody and wallet security may affect institutional choices, but the article does not specify which family offices were involved or the scale involved.
BTC and ETH are crypto assets;IBIT is the relevant investment product mentioned in the article; physical gold is a traditional asset.
Risks and unknowns
The core claims above are statements from Du Jun’s personal post and have not been independently verified by the evidence.
The article does not list the names of the relevant family offices, the scale of the transfers, or transaction data.
The article does not specify the timing or details of the security incidents.
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Related concepts
BTC
The abbreviation commonly used for Bitcoin when referring to it as a digital currency.
