Bitcoin And Biases: Fund Managers Eating Crow And Welcoming Horses In 2021
The collective perspective on bitcoin has shifted, with many once naysayers flipping their opinions this year.Overcoming Biases With A Bit Of Crow“Eating crow” is a “colloquial idiom, used in some English-speaking countries, that means humiliation by admitting having been proven wrong after taking a strong position. The crow is a carrion-eater that is presumably repulsive to eat in the same way that being proven wrong might be emotionally hard to swallow.”In 2021, a number of high-profile people, corporations and institutions completely reversed their positions from being anti-Bitcoin to....
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According to the most recent Bank of America Global Fund Manager Survey, “long bitcoin” is currently the second most popular trade. Furthermore, the majority of investment managers feel Bitcoin is a speculative bubble and agree with the Fed that inflation is just temporary. Fund Managers Believe Bitcoin Is In a bubble This week, Bank of […]
Targeting a hard cap of $100 million, the OP FoF I fund is expected to close by the end of Q3, OP Crypto’s COO Lucas He said. OP Crypto, a cryptocurrency venture capital firm founded by former Huobi executive David Gan, is launching a new fund to support emerging fund managers focused on early-stage crypto investments.Named “OP Funds of Funds I,” the fund has secured $50 million in commitments from major companies like FTX’s investment subsidiary LedgerPrime and FJ Labs.The OP FoF I will target a hard cap of $100 million, with founders planning to close out the fund by the end of Q3, OP....
Bitcoin is often subject to misinformation and misrepresentation which in turn creates misconceptions and biases against bitcoin.
Major financial services firm PWC has conducted a study and found that the majority of crypto fund managers surveyed believe that the price of bitcoin would be between $75K and $100K by the end of this year.
Bitcoin’s Price Estimate by Crypto Fund Managers
PWC, a Big Four accounting firm, published its “4th Annual Global Crypto Hedge Fund Report” last week. It was produced together with the Alternative Investment Management Association (AIMA) and Elwood Asset Management (now part of Coinshares).
The data in the report comes from a survey....
A look at biases and the illusion of the authority of CEOs, presidents and other high profile figures.