#1574 Evgeny Gaevoy | Who’s Really Buying Bitcoin Right Now

39 snips

Jul 16, 2025

Evgeny Gaevoy, the ambitious Founder and CEO of Wintermute, dives into the current landscape of Bitcoin purchases, shedding light on the growing dominance of institutional investors over retail traders. He discusses the surge in Ethereum’s popularity, alongside insights into derivative products and the implications of evolving regulations. The conversation reveals the origin of Wintermute’s name and its future plans in the U.S. market. Gaevoy emphasizes motivations beyond wealth, drawing parallels between investing and competitive sports.

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INSIGHT

Institutions Drive Bitcoin Buying

Traditional financial firms like BlackRock and Fidelity now drive much of the Bitcoin and Ethereum trading volume.
Retail trading is largely aggregated by fintech platforms such as Robinhood, highlighting institutional dominance in buying.

INSIGHT

Bitcoin Interest Patterns Differ

Bitcoin interest surges among traditional firms while crypto-native firms show declining interest.
This reflects industry's typical quest to outperform Bitcoin by exploring altcoins and more complex assets.

INSIGHT

Options Popular for Leverage

Options on Bitcoin attract significant interest for their leverage and creative trading strategies.
Both sophisticated traditional players and educated crypto natives increasingly use these derivatives.

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Evgeny Gaevoy is the Founder and CEO at Wintermute, and he is on the quest to be become the richest man in the world. In this conversation we discuss who is buying bitcoin right now, data behind retail and institutions, why ethereum is so popular right now, derivative products, regulation, stablecoins, how Wintermute was started, and future plans for Evgeny.

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