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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In Spain, an investment company has begun to promote what they called the “first crypto hedge fund.” The product has been registered in Malta by Avenue Investment Crypto, headed by a crypto advocate, Martin Huete. Investments Allocated Mainly in Bitcoin and Ethereum According to Infobae, the hedge fund “exclusively” targets qualified investors whose minimum investment starts at 100,000 euros ($120,600). However, anyone who would like to join the crypto hedge fund should prove to the firm that they hold assets for 750,000 euros ($904,900). Although Avenue Investment....
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....
It's been a bumper year for bitcoin hedge funds. While the entry of big money from Wall Street into the bitcoin markets is discussed with equal measures of glee and rage in the community, some big-money financiers are already making moves in the cryptocurrency markets. We're not talking about Barry Silbert's Bitcoin Investment Trust or the Winklevoss twins' bitcoin index fund. No, there's a new class of funds running money for wealthy individuals, families and institutions, aimed to get these sophisticated investors into the bitcoin game. Here's a roundup of the new bitcoin funds so far:....
When it comes to bitcoin and AI, it is impossible to tell what the future will hold. A new breed of hedge funds is coming to Wall Street and other financial areas all over the world. Two new technologies are becoming the next area of focus: artificial intelligence and bitcoin. One interesting example is called Numerai, a hedge fund trading through machine learning models built by scientists paid in bitcoin. It is evident there is a growing demand to access the bitcoin ecosystem without having to buy cryptocurrency directly. On paper, it is not easy to grasp the concept of a bitcoin or AI....