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Bitcoin Will be Part of Hedge Fund's Portfolios says CEO of Agecroft Partners

Sofia Cabrera ​

Summary: Donald A. Steinbrugge, CEO of Agecroft Partners, told CNBC in an interview that Bitcoin is being used to hedge against inflation and in the longterm will be part of many hedge fund's portfolios. Excerpt from Steinbrugge interview follows, "It's been on an amazing run. It's a fantastic technology. Some people are using it as a way to hedge against inflation. ...

Donald A. Steinbrugge, CEO of Agecroft Partners, told CNBC in an interview that Bitcoin is being used to hedge against inflation and in the longterm will be part of many hedge fund's portfolios. Excerpt from Steinbrugge interview follows, "It's been on an amazing run. It's a fantastic technology. Some people are using it as a way to hedge against inflation. Right now I think it's fairly expensive, it's very hard to value, but you know Bitcoin is going to be here for a long time, and I think longterm it will be part of a lot of hedge fund's portfolios. "

Author: Sofia Cabrera

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