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Eric Semler, president of healthcare tech steadfast Semler Scientific Inc., says galore of his hedge money peers are skeptical astir Bitcoin’s aboriginal erstwhile US President Donald Trump leaves office.
“I deliberation that they deliberation it is simply a fly-by-night conception and that it is astir apt going to, aft the Trump administration, spell backmost down a lot,” Semler told Coin Stories big Natalie Brunell connected Thursday.
Semler is assured that Bitcoin is simply a large play
Semler, who besides founded hedge money TCS Capital Management successful 2001, made his comments amid skepticism within the crypto industry astir however agelong governmental enactment for crypto volition past aft US President Donald Trump’s medication ends. While Trump recently signed off connected a Bitcoin (BTC) Strategic Reserve, some, similar JAN3 laminitis Samson Mow, are acrophobic that enactment whitethorn perchance unravel nether a aboriginal president.
However, it isn’t a interest for Semler, who has doubled down connected the asset. In May 2024, Semler Scientific became the 2nd US publically traded institution to follow a Bitcoin treasury strategy.
On Thursday, Semler Scientific announced plans to summation its Bitcoin holdings by astir 23 times successful the adjacent two-and-a-half years, increasing its holdings from 4,449 Bitcoin to 105,000 Bitcoin. Semler is aiming to clasp a full of 10,000 Bitcoin by the extremity of this year.
Semler sees uncertainty from the accepted concern manufacture arsenic a bullish signal.
“When you’re making a stake connected thing that the bulk doesn’t judge in, and you’re right, you marque truthful overmuch much money,” Semler said.
Eric Semler spoke to Natalie Brunell connected Thursday. Source: Natalie Brunell“I deliberation we got large opportunities to amusement radical that fundamentally they’re missing retired connected a large opportunity,” helium added.
Semler said helium has built a vocation connected going against the grain. “The champion investments I’ve ever made person been successful things that I’m benignant of the lone dependable crying successful the wilderness,” helium said.
“Those are the types of investments that person the highest returns,” helium said.
“I emotion the negativity; I’m a contrarian investor.”Surveys amusement hedge funds are turning to Bitcoin
In October 2024, the Alternative Investment Management Association and PwC conducted a survey revealing that 47% of hedge money managers trading successful accepted markets are exposed to cryptocurrencies.
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Crypto vulnerability was 29% successful 2023, portion astir 37% of the respondents said they had vulnerability to crypto successful 2022.
Interestingly, backmost successful June 2021, an Intertrust Global surveyed main fiscal officers from 100 hedge funds worldwide astir their volition to acquisition crypto assets.
About 98% of them responded that they expect their hedge funds to person invested 7.2% of their assets in cryptocurrencies by 2026.
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