Topic: Hedge Fund accepting bitcoin. (Read 753 times)
It's great to see Bitcoin getting some exposure to that industry and see some institutional investors get involved, but I was hoping that a hedge fund would try to do something more clever than just stick a few BTC in a bank vault and wait.
http://www.hedgeweek.com/2012/10/08/174393/emergence-electronic-gold%E2%80%A6
Does that mean they will hold paper bitcoins ?
Quote
“We will hold the Bitcoins securely in a Swiss vault over a period of three, five, 10 years. The fund will be a regulated entity through which institutional investors will be able to access the Bitcoin market,” says Knyazev.
Does that mean they will hold paper bitcoins ?
Well, "paper bitcoins" in the same way that shares of crude oil in an ETF are paper oil (basically a contract representing a physical asset )
Related:
2012-10-08 hedgeweek.com - The emergence of electronic gold...?
- https://bitcointalksearch.org/topic/2012-10-08-hedgeweekcom-the-emergence-of-electronic-gold-117289
http://www.hedgeweek.com/2012/10/08/174393/emergence-electronic-gold%E2%80%A6
Does that mean they will hold paper bitcoins ?
Quote
“We will hold the Bitcoins securely in a Swiss vault over a period of three, five, 10 years. The fund will be a regulated entity through which institutional investors will be able to access the Bitcoin market,” says Knyazev.
Does that mean they will hold paper bitcoins ?
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