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Opinion: No Need to Worry About Bitcoin's Future After Trump Leaves Office
Summary: In a recent interview, Eric Semler, chairman of Semler Scientific Inc., a U.S. listed company adopting a Bitcoin strategy, stated that many hedge funds are skeptical about the future of Bitcoin after U.S. President Donald Trump leaves office, but he believes this is an unrealistic idea. Semler added, "When you bet on something that most ...
In a recent interview, Eric Semler, chairman of Semler Scientific Inc., a U.S. listed company adopting a Bitcoin strategy, stated that many hedge funds are skeptical about the future of Bitcoin after U.S. President Donald Trump leaves office, but he believes this is an unrealistic idea. Semler added, "When you bet on something that most people don't believe in, and you're right, you can make more money. I think we have a good opportunity to show people that they (hedge funds) have basically missed a good opportunity, and the best investments I have made are in areas where I seem to be fighting alone in the wilderness." According to a survey conducted by PwC, 47% of hedge fund managers trading in traditional markets have had exposure to cryptocurrencies, indicating that hedge funds are actually shifting towards Bitcoin.
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Link: Opinion: No Need to Worry About Bitcoin's Future After Trump Leaves Office [Copy]
