Key Takeaways
- Eric Semler asserts most hedge fund executives stay skeptical about bitcoin’s post-Trump future.
- Semler Scientific plans to extend its bitcoin holdings to 105,000 bitcoin by 2027.
- Current surveys present practically half of hedge funds now have some bitcoin publicity.
Eric Semler, chairman of Semler Scientific Inc. and founding father of TCS Capital Administration, says many hedge fund executives are skeptical about bitcoin’s prospects after President Donald Trump leaves workplace.
As Semler defined to Natalie Brunell on Coin Tales:
“I feel that they suppose it’s a fly-by-night idea and that it’s in all probability going to, after the Trump administration, return down loads.”
Bitcoin confidence
Regardless of these doubts, Semler stays assured in bitcoin, highlighting his firm’s choice in Could 2024 to turn out to be the second US public agency to undertake a bitcoin treasury technique.
On June 20, Semler Scientific introduced plans to increase its bitcoin holdings from 4,449 bitcoin to 105,000 bitcoin by 2027, with a goal of 10,000 bitcoin by the tip of this 12 months.
For present and historic information on Semler Scientific’s bitcoin holdings, see right here.
Semler views the skepticism from conventional finance as a optimistic indicator, stating:
“Whenever you’re betting on one thing that almost all doesn’t consider in, and also you’re proper, you make a lot extra money.”
He added:
“I really like the negativity; I’m a contrarian investor.”
Surveys point out rising hedge fund bitcoin publicity
Whereas Semler describes himself as a “lone voice crying within the wilderness,” surveys counsel rising hedge fund curiosity in bitcoin.
An October 2024 survey from the Different Funding Administration Affiliation and PwC discovered 47% of hedge fund managers buying and selling in conventional markets have publicity to bitcoin and different digital property.
In 2021, one other survey indicated that 98% of hedge fund CFOs anticipated to allocate 7.2% of property to bitcoin by 2026.