Hedge Fund CEO Rates Bitcoin as

Hedge Fund CEO Rates Bitcoin as "Buy and Hold" Investment

Even as the price of bitcoin has skyrocketed to around $1,200 a couple of years ago then down to $230 these days, Panterra Capital CEO Dan Morehead views bitcoin as a "buy and hold" investment. He has closed the firm's macro investment funds and opened a bitcoin-only fund back in 2013. "The value of bitcoin, if successful, is much greater than the downside risk," said Morehead. "It seems to be an asymmetric opportunity." Bitcoin Investment Outlook. He likened the development of digital currencies to the internet, which took a while to gain traction and benefit from improved infrastructure.....


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Dispute Breaks Out Over Title of 'First Regulated Bitcoin Hedge Fund'

In July, a hedge fund in Jersey issued a press release announcing that it had become the first regulated fund to deal in bitcoin. The Jersey fund, called Global Advisors Bitcoin Investment Fund (GABI), later said it was seeking $200m in assets under management. In subsequent months, mentions of GABI have been regularly prefaced by its status as the first regulated bitcoin hedge fund by everyone from the BBC to Newsweek. Now another hedge fund is challenging GABI's claim. Crypto Currency Fund, managed by Timothy Enneking, says that it, not GABI, should rightfully be referred to as the....

6 New Hedge Funds Seeking Bitcoin Returns

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San Francisco-Based Hedge Fund Looking For Bitcoin Trader

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Bitstamp Got $10 Million From Fortress-Linked Hedge Fund

Bitcoin exchange Bitstamp received $10m in hedge fund investment last year, according to a new Bloomberg report. The money came from Pantera Capital Management LP, "the hedge fund that manages money for Fortress Investment Group LLC (FIG) executives", Bloomberg said. If true, it would be one of the largest single investments in a bitcoin-related business to date. Bitstamp has been a huge beneficiary of the collapse of Mt. Gox, multiplying its share of dollar trades by up to 50% since February. It now has at least 35% of the total bitcoin trade market share, according to bitcoincharts.....

New York Hedge Fund Brings in Over $5m in Bitcoin Deposits

A hedge fund based in New York by the name of NYSO HEDGE and specializing in "high risk, high return" investments has revealed that it has accepted roughly $5.4 million in bitcoin deposits. This news follows an initial announcement by the fund to begin accepting bitcoin for deposits on the 7th of February - so it's taken just about three days for them to amass that amount from bitcoin holders. "NYSO HEDGE's own Risk management team (due to these circumstances), has deemed bitcoin deposits as safe as wire transfers with careful research and considerations." NYSO applied to get regulatory....

Quotes

While much of the evidence is still anecdotal, there is consensus that commercial child pornography, sexual exploitation, sex trafficking and other criminal enterprises are increasingly moving to a new unregulated, unbanked digital economy.

Ernie Allen, president and CEO of the Center for Missing and Exploited Children