Do we any estimates on incoming investments into this fund?
Looks like $200M to start:
Masters, the former spouse of another commodities kingpin—JPMorgan Chase’s recently departed global head of commodities, Blythe Masters—says the Jersey Bitcoin fund will target up to $200 million in Bitcoin investments in the first six months to a year and ramp up from there.
I like Daniel Masters, the guy running this fund, from what I read in the article. He seems genuinely enthusiastic about the technology:
Masters—who tells Newsweek he now uses Bitcoin so habitually that “I don’t even want to say how much I carry around on my phone, probably too much”—is a long-term Bitcoin bull, dismissing Wall Street contemporaries who shun the currency as unstable and fly by night.
“Despite all the advances in technology we’ve seen over the last couple decades, we basically have had no change to the way we bank or do transactions. It’s the same thing, only they’ve put it online. If I want to wire money from London to Beijing, I still get charged an outrageous amount of money for it, and it takes days. Meanwhile, where the f*** is my money?”
this could be big... 