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One River CEO Saw The Trend Of Bitcoin's Large-Scale Allocation Has "Just Begun"

Mary Liu

Summary: Eric Peters, CEO of One River, said in an interview with Bloomberg that Bitcoin is a new asset class that will be deployed on a large scale, and the trend has "just begun". One River is a hedge fund that has bought roughly $600 million in Bitcoin and Ethereum assets. Peters described investing in Bitcoin ...

Eric Peters, CEO of One River, said in an interview with Bloomberg that Bitcoin is a new asset class that will be deployed on a large scale, and the trend has "just begun".

One River is a hedge fund that has bought roughly $600 million in Bitcoin and Ethereum assets. Peters described investing in Bitcoin as a “convex bet”, added: “There definitely are more risks to this than gold, which has been around for thousands of years, but there’s also way more convexity ... There are very few convex bets that’ll help your portfolio when these macro forces start playing out..."  Convexity is a financial term. Generally speaking, bonds with greater convexity are more attractive.

By Mary Liu

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