Opinion: Hedge funds don’t have to worry about Bitcoin’s future after Trump leaves office

Odaily News Eric Semler, chairman of Semler Scientific Inc., a U.S. listed company that adopts a Bitcoin strategy, said that many hedge funds are skeptical about the future of Bitcoin after U.S. President Donald Trump leaves office, but he renewing that this is an unrealistic idea. Eric Semler added: "When you bet on something that most people don't believe in, and you are 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. The best investments I have made are those 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 been exposed to cryptocurrencies, which shows that hedge funds are actually turning to Bitcoin. (Cointelegraph)